Genesee Capital Advisors LLC Has $7.92 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Genesee Capital Advisors LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,894 shares of the exchange traded fund's stock after selling 767 shares during the period. Invesco QQQ accounts for 4.0% of Genesee Capital Advisors LLC's portfolio, making the stock its 4th largest position. Genesee Capital Advisors LLC's holdings in Invesco QQQ were worth $7,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of QQQ. Providence First Trust Co lifted its holdings in Invesco QQQ by 3.0% during the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after purchasing an additional 20 shares in the last quarter. Diversified Enterprises LLC raised its position in shares of Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after buying an additional 20 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its position in shares of Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after buying an additional 20 shares during the last quarter. Legacy Investment Solutions LLC raised its position in shares of Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after buying an additional 20 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised its position in shares of Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after buying an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.4%

Shares of NASDAQ QQQ opened at $526.83 on Friday. The firm has a 50-day simple moving average of $500.57 and a 200-day simple moving average of $503.28. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.

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