Cornerstone Planning Group LLC Sells 2,195 Shares of Invesco QQQ $QQQ

Cornerstone Planning Group LLC reduced its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 6.3% in the 3rd quarter, Holdings Channel reports. The firm owned 32,382 shares of the exchange traded fund’s stock after selling 2,195 shares during the quarter. Invesco QQQ accounts for approximately 2.5% of Cornerstone Planning Group LLC’s portfolio, making the stock its 10th biggest position. Cornerstone Planning Group LLC’s holdings in Invesco QQQ were worth $20,273,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ during the 2nd quarter valued at $30,000. Navigoe LLC lifted its position in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares during the last quarter. PayPay Securities Corp lifted its position in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Invesco QQQ in the third quarter worth about $42,000. Finally, Moser Wealth Advisors LLC increased its holdings in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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Invesco QQQ Trading Up 0.7%

Shares of QQQ opened at $626.14 on Tuesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The stock has a 50 day moving average of $620.25 and a 200-day moving average of $601.30.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.7941 dividend. 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. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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