Invesco QQQ $QQQ is Geneos Wealth Management Inc.'s 9th Largest Position

Key Points

• Geneos Wealth Management Inc. increased its holding in Invesco QQQ by 8.0% in the first quarter, now owning 65,160 shares valued at approximately $30.6 million, making it the fund's 9th largest position.
• Several institutional investors have also recently adjusted their stakes in Invesco QQQ, including Blume Capital Management Inc., which raised its stake by 105% during the same quarter.
• Invesco QQQ announced a quarterly dividend of $0.5911, representing an annualized yield of 0.4%, with payments made to investors who were on record as of June 23rd.

Geneos Wealth Management Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,160 shares of the exchange traded fund's stock after buying an additional 4,812 shares during the quarter. Invesco QQQ comprises 1.0% of Geneos Wealth Management Inc.'s investment portfolio, making the stock its 9th biggest holding. Geneos Wealth Management Inc.'s holdings in Invesco QQQ were worth $30,555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the 1st quarter worth $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. raised its stake in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC boosted its position in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after buying an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $582.76 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.47. The firm has a 50-day moving average price of $566.46 and a two-hundred day moving average price of $519.13.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ Company Profile

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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