Fortress Financial Solutions LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Fortress Financial Solutions LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, Holdings Channel reports. The institutional investor bought 18,971 shares of the exchange traded fund’s stock, valued at approximately $9,699,000. Invesco QQQ comprises 13.7% of Fortress Financial Solutions LLC’s holdings, making the stock its biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new stake in Invesco QQQ during the 3rd quarter valued at $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ during the fourth quarter worth $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.2 %

Shares of NASDAQ QQQ opened at $527.99 on Wednesday. The company has a 50-day moving average price of $521.54 and a 200-day moving average price of $496.40. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

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