Genesee Capital Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,550 shares of the exchange traded fund’s stock after acquiring an additional 1,479 shares during the period. Invesco QQQ makes up approximately 4.8% of Genesee Capital Advisors LLC’s holdings, making the stock its 3rd biggest holding. Genesee Capital Advisors LLC’s holdings in Invesco QQQ were worth $11,137,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ during the second quarter valued at $30,000. Navigoe LLC grew its stake in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 45 shares in the last quarter. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $42,000. Finally, Moser Wealth Advisors LLC raised its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Up 0.9%
QQQ opened at $631.13 on Wednesday. The stock has a 50-day moving average of $617.65 and a 200 day moving average of $599.34. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.
Invesco QQQ Increases Dividend
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Tech rebound and earnings momentum are supporting large-cap growth names that dominate QQQ; this helped sentiment for the ETF. Tech Rebound Soothes Greenland-Induced Shivers, Earnings Season Hits Stride
- Positive Sentiment: Analysis arguing the Fed should hold steady in January reduces short-term rate-uncertainty and is constructive for growth/style factors concentrated in QQQ. The Fed Should Hold Steady In January
- Neutral Sentiment: Reports about potential U.S. Treasury/FX intervention to support the yen could stabilize cross‑border flows; impact on QQQ depends on whether dollar moves reverse (which would affect big-cap multinationals). Hints Of U.S. Treasury Intervention To Support The Yen
- Neutral Sentiment: Coverage flagging risks in the yen carry trade highlights cross‑asset volatility risk; this can intermittently pressure risk assets but is not a direct tech-sector story. The Yen Carry Trade May Be Entering A Dangerous Phase
- Negative Sentiment: US consumer sentiment has slid and consumer pressures are mounting — a headwind for ad-driven and consumer-facing tech companies in QQQ. U.S. Sentiment Slides Again As Consumer Pressures Mount
- Negative Sentiment: Multiple pieces warn a U.S. government shutdown is looming; political dysfunction and funding uncertainty typically raise risk‑off flows that could weigh on QQQ. Shutdown Looms After ICE Storm And The American Government Is Already Low On Trust
- Negative Sentiment: Safe-haven buying (gold moving higher, dollar softening) signals some investors are hedging risk; this rotation can sap momentum from growth/tech rallies like QQQ’s. Gold Up, Dollar Down
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.
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