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Genesis Financial Group LLC Takes $1.56 Million Position in Invesco QQQ $QQQ

Invesco QQQ logo with Finance background
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Key Points

  • Genesis Financial Group LLC acquired a new position in Invesco QQQ, buying 2,537 shares in the fourth quarter valued at about $1.56 million.
  • Invesco QQQ paid a quarterly dividend of $0.7328 on March 27 (annualized $2.93, yielding ~0.5%; ex-dividend date March 23).
  • QQQ opened at $584.98, trading below its 50‑day ($602.08) and 200‑day ($609.17) moving averages, and faces mixed catalysts—short‑term buyer interest but headwinds from strong jobs data (higher yields), geopolitical risks, and warnings the rebound could be a "bull trap."
  • MarketBeat previews top five stocks to own in May.

Genesis Financial Group LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,537 shares of the exchange traded fund's stock, valued at approximately $1,559,000.

Other institutional investors have also added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ in the third quarter worth about $25,000. Shcp LLC purchased a new position in Invesco QQQ during the third quarter valued at approximately $27,000. Navigoe LLC grew its stake in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock valued at $36,000 after acquiring an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Invesco QQQ during the 3rd quarter worth approximately $40,000. Finally, PayPay Securities Corp increased its holdings in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock worth $41,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $584.98 on Friday. The company's 50 day simple moving average is $602.08 and its two-hundred day simple moving average is $609.17. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Invesco QQQ Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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