Fortress Financial Group LLC Invests $2.98 Million in Invesco QQQ (NASDAQ:QQQ)

Fortress Financial Group LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,828 shares of the exchange traded fund’s stock, valued at approximately $2,980,000. Invesco QQQ makes up about 3.0% of Fortress Financial Group LLC’s holdings, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. SOA Wealth Advisors LLC. boosted its holdings in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after acquiring an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC raised its position in Invesco QQQ by 13.6% in the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after acquiring an additional 1,854 shares during the period. JFS Wealth Advisors LLC boosted its stake in Invesco QQQ by 4.0% in the third quarter. JFS Wealth Advisors LLC now owns 8,419 shares of the exchange traded fund’s stock valued at $4,109,000 after acquiring an additional 325 shares during the last quarter. Fiducient Advisors LLC bought a new position in shares of Invesco QQQ during the 3rd quarter valued at approximately $286,000. Finally, Cornerstone Wealth Group LLC increased its stake in shares of Invesco QQQ by 7.6% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 4,267 shares of the exchange traded fund’s stock worth $2,083,000 after purchasing an additional 303 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $500.27 on Friday. The firm has a market cap of $315.30 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock’s fifty day moving average price is $522.25 and its two-hundred day moving average price is $502.61.

Invesco QQQ Dividend Announcement

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