Ellerson Group Inc. ADV Sells 207 Shares of Invesco QQQ (NASDAQ:QQQ)

Ellerson Group Inc. ADV lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,966 shares of the exchange traded fund’s stock after selling 207 shares during the period. Invesco QQQ makes up 2.6% of Ellerson Group Inc. ADV’s portfolio, making the stock its 13th largest position. Ellerson Group Inc. ADV’s holdings in Invesco QQQ were worth $3,561,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. grew its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC grew its position in shares of Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after purchasing an additional 1,854 shares in the last quarter. Portside Wealth Group LLC grew its position in shares of Invesco QQQ by 6.7% during the 3rd quarter. Portside Wealth Group LLC now owns 1,814 shares of the exchange traded fund’s stock worth $885,000 after purchasing an additional 114 shares in the last quarter. Leavell Investment Management Inc. grew its position in shares of Invesco QQQ by 18.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 19,118 shares of the exchange traded fund’s stock worth $9,344,000 after purchasing an additional 3,026 shares in the last quarter. Finally, Equitable Trust Co. grew its position in shares of Invesco QQQ by 1.4% during the 3rd quarter. Equitable Trust Co. now owns 27,993 shares of the exchange traded fund’s stock worth $13,663,000 after purchasing an additional 397 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ:QQQ opened at $491.79 on Friday. The company’s 50 day moving average price is $518.84 and its two-hundred day moving average price is $503.99. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm has a market cap of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.