Invesco QQQ $QQQ Stock Position Raised by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC lifted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 123.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,299 shares of the exchange traded fund’s stock after buying an additional 5,690 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Invesco QQQ were worth $6,183,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC lifted its stake in shares of Invesco QQQ by 18.9% in the 3rd quarter. Samalin Investment Counsel LLC now owns 5,346 shares of the exchange traded fund’s stock valued at $3,209,000 after purchasing an additional 850 shares during the last quarter. Huntleigh Advisors Inc. raised its holdings in Invesco QQQ by 85.1% during the third quarter. Huntleigh Advisors Inc. now owns 15,690 shares of the exchange traded fund’s stock valued at $9,418,000 after buying an additional 7,212 shares in the last quarter. HMS Capital Management LLC lifted its position in shares of Invesco QQQ by 0.3% in the third quarter. HMS Capital Management LLC now owns 20,992 shares of the exchange traded fund’s stock worth $12,603,000 after buying an additional 63 shares during the last quarter. Williams & Novak LLC boosted its stake in shares of Invesco QQQ by 7.7% during the 3rd quarter. Williams & Novak LLC now owns 2,577 shares of the exchange traded fund’s stock worth $1,547,000 after acquiring an additional 184 shares in the last quarter. Finally, Joel Isaacson & Co. LLC boosted its stake in shares of Invesco QQQ by 28.3% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 34,343 shares of the exchange traded fund’s stock worth $20,618,000 after acquiring an additional 7,573 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Price Performance

Shares of QQQ stock opened at $608.06 on Wednesday. The stock’s 50 day simple moving average is $616.09 and its 200 day simple moving average is $596.90. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $0.7941 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco QQQ

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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