Invesco QQQ (NASDAQ:QQQ) Holdings Lifted by Fortem Financial Group LLC

Fortem Financial Group LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,225 shares of the exchange traded fund’s stock after purchasing an additional 109 shares during the period. Invesco QQQ accounts for 2.2% of Fortem Financial Group LLC’s holdings, making the stock its 8th biggest position. Fortem Financial Group LLC’s holdings in Invesco QQQ were worth $5,739,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ in the third quarter valued at about $62,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the period. Providence Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $91,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $5.15 during trading on Monday, hitting $523.73. The stock had a trading volume of 29,116,474 shares, compared to its average volume of 31,077,904. The stock’s 50 day moving average is $512.63 and its two-hundred day moving average is $489.84. Invesco QQQ has a 1 year low of $397.84 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.