Fortitude Advisory Group L.L.C. Sells 1,110 Shares of Invesco QQQ (NASDAQ:QQQ)

Fortitude Advisory Group L.L.C. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 19.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,599 shares of the exchange traded fund's stock after selling 1,110 shares during the quarter. Invesco QQQ accounts for about 1.4% of Fortitude Advisory Group L.L.C.'s investment portfolio, making the stock its 13th biggest position. Fortitude Advisory Group L.L.C.'s holdings in Invesco QQQ were worth $2,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares during the period. NWI Management LP increased its stake in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after buying an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares in the last quarter. Senator Investment Group LP purchased a new stake in Invesco QQQ in the fourth quarter worth about $679,936,000. Finally, Artemis Wealth Advisors LLC grew its holdings in Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $534.29 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a market capitalization of $334.81 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The company's 50-day simple moving average is $494.94 and its two-hundred day simple moving average is $502.90.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company 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.

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