Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Fortis Capital Management LLC

Fortis Capital Management LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,111 shares of the exchange traded fund’s stock after acquiring an additional 602 shares during the period. Fortis Capital Management LLC’s holdings in Invesco QQQ were worth $2,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the first quarter worth about $40,000. CGC Financial Services LLC increased its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC boosted its stake in shares of Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 103 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.1 %

NASDAQ:QQQ opened at $512.25 on Thursday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The stock has a fifty day simple moving average of $486.39 and a 200-day simple moving average of $473.15.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, September 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.