Fortitude Family Office LLC Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Fortitude Family Office LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5,417.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,711 shares of the exchange traded fund’s stock after acquiring an additional 9,535 shares during the quarter. Invesco QQQ makes up about 1.8% of Fortitude Family Office LLC’s investment portfolio, 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 quarter.

Several other large investors have also made changes to their positions in QQQ. GAMMA Investing LLC grew its stake in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after acquiring an additional 2,059 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Socha Financial Group LLC grew its position in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares in the last quarter. NRI Wealth Management LC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its position in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock 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 stock has a 50 day moving average of $514.52 and a 200 day moving average of $490.73.

Invesco QQQ Dividend Announcement

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

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.