Ellerson Group Inc. ADV Has $3.86 Million Position in Invesco QQQ $QQQ

Ellerson Group Inc. ADV boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,988 shares of the exchange traded fund’s stock after buying an additional 159 shares during the quarter. Invesco QQQ makes up approximately 2.7% of Ellerson Group Inc. ADV’s investment portfolio, making the stock its 11th largest position. Ellerson Group Inc. ADV’s holdings in Invesco QQQ were worth $3,855,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. raised its position in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new position in Invesco QQQ during the 1st quarter worth $2,775,904,000. Altimeter Capital Management LP acquired a new position in Invesco QQQ during the 1st quarter worth about $463,293,000. Finally, Alaska Permanent Fund Corp grew its position in shares of Invesco QQQ by 14,750.7% in the 1st quarter. Alaska Permanent Fund Corp now owns 799,266 shares of the exchange traded fund’s stock valued at $380,027,000 after buying an additional 793,884 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $623.23 on Tuesday. The stock has a 50-day moving average of $602.40 and a 200-day moving average of $561.85. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.