Invesco QQQ (NASDAQ:QQQ) Holdings Lowered by Fortis Group Advisors LLC

Fortis Group Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 43.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,337 shares of the exchange traded fund’s stock after selling 14,047 shares during the quarter. Invesco QQQ comprises about 1.7% of Fortis Group Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Fortis Group Advisors LLC’s holdings in Invesco QQQ were worth $8,950,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Atwater Malick LLC acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $293,000. Westwood Holdings Group Inc. grew its stake in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the last quarter. Socha Financial Group LLC increased its holdings in shares of Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after purchasing an additional 1,153 shares during the period. SVB Wealth LLC raised its holdings in Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares in the last quarter. Finally, WFA Asset Management Corp lifted its position in Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after purchasing an additional 1,894 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.0 %

Shares of QQQ traded down $0.07 during mid-day trading on Tuesday, reaching $495.35. The company had a trading volume of 5,871,697 shares, compared to its average volume of 38,808,566. The company’s 50-day moving average is $478.57 and its 200-day moving average is $465.57. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, September 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.