Fortitude Family Office LLC Acquires 9,535 Shares of Invesco QQQ (NASDAQ:QQQ)

Fortitude Family Office LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5,417.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,711 shares of the exchange traded fund's stock after purchasing an additional 9,535 shares during the quarter. Invesco QQQ accounts for approximately 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 large investors have also recently modified their holdings of QQQ. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Granite Bay Wealth Management LLC increased its position in shares of Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund's stock valued at $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after purchasing an additional 488,815 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Invesco QQQ by 6,880.6% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund's stock valued at $189,530,000 after purchasing an additional 389,921 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund's stock valued at $2,379,676,000 after purchasing an additional 338,494 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $7.64 during midday trading on Friday, hitting $507.63. 40,419,324 shares of the company's stock traded hands, compared to its average volume of 34,889,563. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15. The firm has a fifty day moving average of $514.92 and a 200 day moving average of $490.97.

Invesco QQQ Dividend Announcement

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