Cornerstone Wealth Management LLC Trims Stake in Invesco QQQ (NASDAQ:QQQ)

Cornerstone Wealth Management LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,052 shares of the exchange traded fund’s stock after selling 846 shares during the quarter. Invesco QQQ accounts for 1.2% of Cornerstone Wealth Management LLC’s holdings, making the stock its 11th largest holding. Cornerstone Wealth Management LLC’s holdings in Invesco QQQ were worth $18,431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Northeast Investment Management increased its position in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares in the last quarter. Planning Capital Management Corp grew its stake in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after buying an additional 20 shares during the period. Cardinal Point Capital Management ULC grew its stake in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after buying an additional 20 shares during the period. Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Finally, Skyline Advisors Inc. raised its stake in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of Invesco QQQ stock opened at $532.64 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The company has a fifty day moving average price of $516.72 and a 200 day moving average price of $492.81.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Profile

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.