Invesco QQQ $QQQ is Cornerstone Planning Group LLC’s 10th Largest Position

Cornerstone Planning Group LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,382 shares of the exchange traded fund’s stock after selling 2,195 shares during the period. Invesco QQQ accounts for approximately 2.5% of Cornerstone Planning Group LLC’s portfolio, making the stock its 10th biggest holding. Cornerstone Planning Group LLC’s holdings in Invesco QQQ were worth $20,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco QQQ by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock worth $1,778,116,000 after acquiring an additional 22,220 shares during the period. HRT Financial LP lifted its holdings in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after acquiring an additional 1,704,600 shares during the period. Symphony Financial Ltd. Co. acquired a new stake in shares of Invesco QQQ in the second quarter worth approximately $1,236,482,000. Finally, Rockefeller Capital Management L.P. grew its holdings in Invesco QQQ by 6.3% in the second quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock valued at $611,049,000 after purchasing an additional 65,387 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $626.14 on Tuesday. The firm has a fifty day moving average of $620.25 and a 200-day moving average of $601.30. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

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

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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.

See Also

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

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