Fortitude Family Office LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Fortitude Family Office LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5,417.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,711 shares of the exchange traded fund’s stock after purchasing an additional 9,535 shares during the quarter. Invesco QQQ makes up 1.8% of Fortitude Family Office LLC’s holdings, making the stock its 11th biggest position. Fortitude Family Office LLC’s holdings in Invesco QQQ were worth $4,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ during the 3rd quarter valued at $62,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the period. Providence Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the second quarter worth $76,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $515.27 on Friday. Invesco QQQ has a 12 month low of $401.71 and a 12 month high of $539.15. The company’s 50-day moving average price is $514.52 and its 200-day moving average price is $490.73.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date 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.