Geneos Wealth Management Inc. Acquires 13,672 Shares of Invesco QQQ $QQQ

Geneos Wealth Management Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 21.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,832 shares of the exchange traded fund’s stock after acquiring an additional 13,672 shares during the period. Invesco QQQ comprises approximately 1.1% of Geneos Wealth Management Inc.’s holdings, making the stock its 9th largest holding. Geneos Wealth Management Inc.’s holdings in Invesco QQQ were worth $43,487,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC lifted its position in shares of Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco QQQ by 42.4% in the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after purchasing an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco QQQ by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock worth $1,778,116,000 after purchasing an additional 22,220 shares during the last quarter. HRT Financial LP lifted its holdings in Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after buying an additional 1,704,600 shares in the last quarter. Finally, Symphony Financial Ltd. Co. acquired a new position in Invesco QQQ during the 2nd quarter worth $1,236,482,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.9%

Shares of QQQ opened at $613.62 on Friday. The business’s fifty day moving average price is $613.64 and its two-hundred day moving average price is $580.58. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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.