Fortis Group Advisors LLC Has $11.27 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Fortis Group Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 20.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,035 shares of the exchange traded fund’s stock after purchasing an additional 3,698 shares during the period. Invesco QQQ accounts for about 2.1% of Fortis Group Advisors LLC’s portfolio, making the stock its 8th largest position. Fortis Group Advisors LLC’s holdings in Invesco QQQ were worth $11,265,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. International Assets Investment Management LLC grew its position in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. Toronto Dominion Bank raised its holdings in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the last quarter. Cibc World Market Inc. boosted its stake in shares of Invesco QQQ by 90.0% in the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares during the last quarter. Finally, Empirical Asset Management LLC grew its stake in shares of Invesco QQQ by 15,676.3% during the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after purchasing an additional 201,597 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $538.15 on Tuesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The company’s 50-day simple moving average is $522.38 and its 200-day simple moving average is $498.34.

Invesco QQQ Announces Dividend

The firm also recently announced 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 of this dividend was Monday, December 23rd.

Invesco QQQ 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.