Cornerstone Wealth Group LLC Raises Stock Position in Invesco QQQ $QQQ

Cornerstone Wealth Group LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 17.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,609 shares of the exchange traded fund’s stock after buying an additional 679 shares during the period. Cornerstone Wealth Group LLC’s holdings in Invesco QQQ were worth $2,543,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of QQQ. Brighton Jones LLC increased its stake in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares in 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 valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Wealth Group Ltd. grew its position in shares of Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Invesco QQQ by 19.2% during the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock valued at $1,872,000 after purchasing an additional 643 shares in the last quarter. Finally, HT Partners LLC grew its position in shares of Invesco QQQ by 678.0% during the first quarter. HT Partners LLC now owns 15,280 shares of the exchange traded fund’s stock valued at $7,165,000 after purchasing an additional 13,316 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $602.01 on Tuesday. The business has a 50-day moving average price of $584.64 and a 200-day moving average price of $537.61. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.