Invesco QQQ $QQQ is Ellis Investment Partners LLC’s 4th Largest Position

Ellis Investment Partners LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,673 shares of the exchange traded fund’s stock after buying an additional 1,051 shares during the period. Invesco QQQ comprises approximately 4.8% of Ellis Investment Partners LLC’s holdings, making the stock its 4th biggest holding. Ellis Investment Partners LLC’s holdings in Invesco QQQ were worth $26,820,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Invesco QQQ by 15.0% during 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 during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Invesco QQQ by 3.5% during the fourth 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. Trexquant Investment LP increased its stake in shares of Invesco QQQ by 45.5% in the first quarter. Trexquant Investment LP now owns 1,567 shares of the exchange traded fund’s stock worth $735,000 after buying an additional 490 shares during the last quarter. Amundi raised its holdings in Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after acquiring an additional 6,600 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Invesco QQQ by 27.5% during the 1st quarter. AQR Capital Management LLC now owns 110,727 shares of the exchange traded fund’s stock valued at $51,922,000 after acquiring an additional 23,895 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $613.12 on Monday. The firm has a fifty day moving average of $616.77 and a two-hundred day moving average of $590.32. 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.7941 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.