Geneos Wealth Management Adjusts Invesco QQQ Holdings

Geneos Wealth Management Inc. has made recent adjustments to its investment in Invesco QQQ (NASDAQ:QQQ - Free Report). According to its latest Form 13F filing with the SEC, the company reduced its position in Invesco QQQ shares by 8.8% during the fourth quarter of the year. After selling 5,855 shares, Geneos Wealth Management now holds a total of 60,348 shares in this exchange-traded fund (ETF). This adjustment positions Invesco QQQ as approximately 1.1% of Geneos Wealth Management’s overall portfolio, ranking it as the 11th largest investment for the firm. The value of the holdings in Invesco QQQ at the close of the most recent reporting period was estimated at $30,852,000.

Other Institutional Changes

In addition to Geneos Wealth Management, several other institutional investors and hedge funds have also modified their positions in Invesco QQQ. For instance, Hoese & Co LLP increased its holdings by 32.3% during the fourth quarter. They now own 82 shares valued at about $42,000 after acquiring an extra 20 shares. Legacy Bridge LLC also saw an increase of 60.0% in their stake during the third quarter, bringing their total to 120 shares valued at $59,000 after a purchase of 45 additional shares. Meanwhile, BNP Paribas made a new investment in Invesco QQQ during the third quarter, estimated at around $62,000. Brooklyn Investment Group entered with a new stake worth approximately $69,000 in the fourth quarter. Finally, Ritter Daniher Financial Advisory LLC DE raised its position by 75.9% in the third quarter, owning a total of 146 shares valued at $71,000 after buying 63 more shares. Collectively, hedge funds and institutional investors own about 44.58% of Invesco QQQ's stock.

Market Performance of Invesco QQQ

As of the latest trading session, shares of NASDAQ:QQQ opened at $529.63. Over the past year, Invesco QQQ has reached a low of $413.07 and a high of $539.15. The 50-day simple moving average is currently at $517.86, while the 200-day simple moving average is at $493.31.

Dividend Information

Recently, Invesco QQQ announced a dividend that was distributed on Tuesday, December 31st. Shareholders who were on record as of December 23rd received a dividend payout of $0.8347 per share. The ex-dividend date for this payment fell on December 23rd.

About Invesco QQQ

Invesco QQQ Trust, Series 1 is classified as a unit investment trust that issues a security known as the Nasdaq-100 Index Tracking Stock. The primary investment goal of this trust is to deliver investment results that closely match the price and yield performance of the Nasdaq-100 Index. This trust allows investors to acquire units of beneficial interest, which represent a share of the assets held by the trust, significantly reflecting the securities contained in the Nasdaq-100 Index.

investments, ETFs, shares