Cornerstone Planning Group LLC Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cornerstone Planning Group LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 7.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 123,604 shares of the exchange traded fund’s stock after selling 10,493 shares during the period. Invesco QQQ comprises approximately 15.6% of Cornerstone Planning Group LLC’s holdings, making the stock its largest holding. Cornerstone Planning Group LLC’s holdings in Invesco QQQ were worth $63,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. grew its holdings in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the period. Matrix Asset Advisors Inc. NY raised its position in shares of Invesco QQQ by 12.8% in the third quarter. Matrix Asset Advisors Inc. NY now owns 1,250 shares of the exchange traded fund’s stock valued at $610,000 after buying an additional 142 shares in the last quarter. Annex Advisory Services LLC raised its position in Invesco QQQ by 5.8% during the third quarter. Annex Advisory Services LLC now owns 3,792 shares of the exchange traded fund’s stock valued at $1,851,000 after purchasing an additional 207 shares in the last quarter. Retirement Planning Group LLC raised its position in Invesco QQQ by 40.2% during the third quarter. Retirement Planning Group LLC now owns 43,416 shares of the exchange traded fund’s stock valued at $21,190,000 after purchasing an additional 12,458 shares in the last quarter. Finally, Darrow Company Inc. raised its position in Invesco QQQ by 1.1% during the third quarter. Darrow Company Inc. now owns 38,431 shares of the exchange traded fund’s stock valued at $18,753,000 after purchasing an additional 407 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $522.92 on Monday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The company’s fifty day moving average is $521.26 and its 200 day moving average is $495.67.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.