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

Fortem Financial Group LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,116 shares of the exchange traded fund’s stock after selling 425 shares during the period. Invesco QQQ makes up about 2.2% of Fortem Financial Group LLC’s holdings, making the stock its 10th biggest position. Fortem Financial Group LLC’s holdings in Invesco QQQ were worth $5,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ in the second quarter valued at about $30,000. CGC Financial Services LLC boosted its holdings in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% in 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 in the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ in the third quarter valued at approximately $62,000. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in shares of Invesco QQQ by 27.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock valued at $63,000 after buying an additional 28 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $520.60 on Wednesday. Invesco QQQ has a one year low of $391.53 and a one year high of $526.72. The company’s fifty day moving average is $500.28 and its two-hundred day moving average is $482.21.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 0.52%. The ex-dividend date of this dividend was 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.