Invesco QQQ (NASDAQ:QQQ) is Geneos Wealth Management Inc.’s 7th Largest Position

Geneos Wealth Management Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 50.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,069 shares of the exchange traded fund’s stock after purchasing an additional 30,721 shares during the quarter. Invesco QQQ accounts for approximately 1.1% of Geneos Wealth Management Inc.’s portfolio, making the stock its 7th largest position. Geneos Wealth Management Inc.’s holdings in Invesco QQQ were worth $42,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NWI Management LP boosted its stake in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after buying an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $679,936,000. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ during the first quarter valued at approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV boosted its stake in shares of Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock valued at $437,375,000 after purchasing an additional 931,801 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $568.14 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $569.04. The business has a 50 day moving average price of $540.06 and a 200-day moving average price of $509.18.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

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.