Fortis Group Advisors LLC Purchases 79 Shares of Invesco QQQ (NASDAQ:QQQ)

Fortis Group Advisors LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,592 shares of the exchange traded fund’s stock after purchasing an additional 79 shares during the period. Fortis Group Advisors LLC’s holdings in Invesco QQQ were worth $1,061,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after acquiring an additional 52,019 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Invesco QQQ by 7.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after acquiring an additional 162,691 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Invesco QQQ by 2.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock valued at $663,516,000 after acquiring an additional 43,000 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

QQQ traded up $2.47 during midday trading on Friday, reaching $479.19. 23,372,620 shares of the company’s stock traded hands, compared to its average volume of 28,164,470. The firm has a fifty day moving average of $445.24 and a two-hundred day moving average of $430.19. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $479.26.

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.