Geneva Partners LLC Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Geneva Partners LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,139 shares of the exchange traded fund’s stock after buying an additional 30 shares during the period. Invesco QQQ comprises about 1.5% of Geneva Partners LLC’s investment portfolio, making the stock its 24th biggest holding. Geneva Partners LLC’s holdings in Invesco QQQ were worth $3,484,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Steel Grove Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC lifted its stake in shares of Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $304,591,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3 %

Shares of QQQ stock opened at $486.01 on Tuesday. The business’s fifty day moving average is $482.01 and its 200 day moving average is $469.55. Invesco QQQ has a twelve month low of $366.91 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.56%.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.