Cornerstone Wealth Group LLC Has $6.18 Million Position in Invesco QQQ $QQQ

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

Several other hedge funds have also recently added to or reduced their stakes in the business. Samalin Investment Counsel LLC grew its holdings in 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 buying an additional 850 shares during the last quarter. Huntleigh Advisors Inc. boosted its position in shares of Invesco QQQ by 85.1% in the third quarter. Huntleigh Advisors Inc. now owns 15,690 shares of the exchange traded fund’s stock valued at $9,418,000 after acquiring an additional 7,212 shares during the period. HMS Capital Management LLC grew its stake 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 acquiring an additional 63 shares during the last quarter. Williams & Novak LLC increased its position in Invesco QQQ by 7.7% during the third 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 during the period. Finally, Joel Isaacson & Co. LLC raised its stake in 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 valued at $20,618,000 after purchasing an additional 7,573 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $608.06 on Wednesday. The firm has a fifty day moving average price of $616.09 and a two-hundred day moving average price of $596.90. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company Profile

(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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