Invesco QQQ (NASDAQ:QQQ) Holdings Raised by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,468 shares of the exchange traded fund’s stock after acquiring an additional 1,444 shares during the period. Invesco QQQ comprises approximately 1.3% of Cornerstone Wealth Management LLC’s holdings, making the stock its 12th largest holding. Cornerstone Wealth Management LLC’s holdings in Invesco QQQ were worth $16,192,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Invesco QQQ during the first quarter worth about $1,580,776,000. Commonwealth Equity Services LLC increased its holdings in shares of Invesco QQQ by 7.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after acquiring an additional 162,691 shares during the period. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Invesco QQQ by 30.7% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after acquiring an additional 433,317 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Invesco QQQ by 15.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,458,165 shares of the exchange traded fund’s stock valued at $597,148,000 after purchasing an additional 194,381 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $491.04 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $491.17. The business has a 50 day simple moving average of $458.64 and a 200 day simple moving average of $438.27.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.62%.

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.