Geller Advisors LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

Geller Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,720 shares of the exchange traded fund's stock after acquiring an additional 1,920 shares during the period. Invesco QQQ makes up 1.0% of Geller Advisors LLC's portfolio, making the stock its 12th biggest position. Geller Advisors LLC's holdings in Invesco QQQ were worth $14,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the fourth quarter worth about $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $37,000. Finally, Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $19.88 during trading on Monday, hitting $507.85. The company had a trading volume of 44,875,626 shares, compared to its average volume of 36,547,797. The stock has a 50 day simple moving average of $467.78 and a 200 day simple moving average of $499.36. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The firm has a market capitalization of $318.24 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced 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.

Invesco QQQ 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.