Cornerstone Planning LLC Acquires New Holdings in Invesco QQQ $QQQ

Cornerstone Planning LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,585 shares of the exchange traded fund’s stock, valued at approximately $1,588,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Well Done LLC raised its position in shares of Invesco QQQ by 0.5% in the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after purchasing an additional 16 shares during the period. Tenon Financial LLC boosted its holdings in shares of Invesco QQQ by 2.2% during the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 17 shares during the period. SJS Investment Consulting Inc. boosted its holdings in shares of Invesco QQQ by 1.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after buying an additional 17 shares during the period. Cascade Investment Group Inc. grew its stake in Invesco QQQ by 4.6% in the 4th quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock valued at $238,000 after buying an additional 17 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management grew its stake in Invesco QQQ by 3.0% in the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 17 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $740.62 on Monday. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65. The company’s fifty day moving average price is $695.40 and its 200 day moving average price is $639.64.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be given a $0.8135 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 22nd.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Invesco QQQ declared a quarterly dividend of $0.8135 per share, an 11.0% increase from the prior quarter, which can improve investor sentiment toward the fund. Article Title
• Positive Sentiment: Multiple articles highlighted QQQ’s strong long-term performance, including commentary that a modest investment in the ETF a decade ago would now be worth far more, reinforcing its status as a premier growth benchmark. Article Title
• Neutral Sentiment: Broader market and ETF coverage showed U.S. equity funds trading higher at times, suggesting the macro backdrop is supportive but not specific to QQQ alone. Article Title
• Neutral Sentiment: Several Fed-related commentaries pointed to a more hawkish policy tone and less forward guidance, which could pressure rate-sensitive growth stocks even as investors assess the implications for the Nasdaq-100. Article Title

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.