Forte Capital LLC ADV Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Forte Capital LLC ADV boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,993 shares of the exchange traded fund’s stock after purchasing an additional 165 shares during the period. Forte Capital LLC ADV’s holdings in Invesco QQQ were worth $934,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of QQQ. Eagle Capital Management LLC boosted its position in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares in the last quarter. Natixis Advisors LLC increased its stake in Invesco QQQ by 8.6% in the 4th quarter. Natixis Advisors LLC now owns 29,939 shares of the exchange traded fund’s stock worth $15,306,000 after buying an additional 2,368 shares in the last quarter. Finally, Tocqueville Asset Management L.P. increased its stake in Invesco QQQ by 195.4% in the 4th quarter. Tocqueville Asset Management L.P. now owns 9,188 shares of the exchange traded fund’s stock worth $4,697,000 after buying an additional 6,078 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $557.29 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $560.80. The firm has a 50-day simple moving average of $531.45 and a two-hundred day simple moving average of $506.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

About Invesco QQQ

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.