Forte Capital LLC ADV Has $813,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Forte Capital LLC ADV lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 15.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,985 shares of the exchange traded fund’s stock after selling 351 shares during the period. Forte Capital LLC ADV’s holdings in Invesco QQQ were worth $813,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of QQQ. International Assets Investment Management LLC boosted its holdings in 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 purchasing an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after purchasing an additional 52,019 shares during the period. Ameriprise Financial Inc. raised its stake in Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Invesco QQQ by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after purchasing an additional 162,691 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Invesco QQQ by 2.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after buying an additional 43,000 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $8.58 during midday trading on Friday, hitting $435.48. The stock had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The company’s 50-day moving average price is $436.53 and its 200-day moving average price is $412.18. Invesco QQQ has a fifty-two week low of $315.11 and a fifty-two week high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, March 18th.

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.