Ellerson Group Inc. ADV Trims Holdings in Invesco QQQ (NASDAQ:QQQ)

Ellerson Group Inc. ADV reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,649 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. Invesco QQQ accounts for 2.7% of Ellerson Group Inc. ADV’s investment portfolio, making the stock its 16th largest position. Ellerson Group Inc. ADV’s holdings in Invesco QQQ were worth $3,132,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 40,957.3% in the fourth 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. Comerica Bank purchased a new position in shares of Invesco QQQ in the 3rd quarter valued at about $140,657,000. Granite Bay Wealth Management LLC boosted its stake in shares of Invesco QQQ by 47.1% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after buying an additional 378,922 shares during the period. CHURCHILL MANAGEMENT Corp grew its position in shares of Invesco QQQ by 36.3% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after buying an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Invesco QQQ by 77.2% during the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after buying an additional 367,317 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.0 %

Invesco QQQ stock traded up $8.58 during trading on Friday, reaching $435.48. The stock had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. Invesco QQQ has a 52-week low of $315.11 and a 52-week high of $449.34. The business has a 50 day moving average price of $436.53 and a 200 day moving average price of $412.18.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

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.