Fortis Capital Advisors LLC Sells 1,320 Shares of Invesco QQQ $QQQ

Fortis Capital Advisors LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 60,179 shares of the exchange traded fund’s stock after selling 1,320 shares during the quarter. Invesco QQQ accounts for about 5.7% of Fortis Capital Advisors LLC’s holdings, making the stock its 4th biggest position. Fortis Capital Advisors LLC’s holdings in Invesco QQQ were worth $28,219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in QQQ. Goldman Sachs Group Inc. lifted its position in shares of Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $2,775,904,000. NWI Management LP lifted its position in shares of Invesco QQQ by 121.6% in 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 last quarter. GAMMA Investing LLC raised its holdings in Invesco QQQ by 55,795.2% in the 1st 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 during the period. Finally, Spear Holdings RSC Ltd bought a new position in Invesco QQQ in the 1st quarter valued at about $474,600,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $580.51 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32. The company’s 50-day moving average price is $566.46 and its two-hundred day moving average price is $519.13.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 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.