Invesco QQQ (NASDAQ:QQQ) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 36,898 shares of the exchange traded fund’s stock after acquiring an additional 160 shares during the quarter. Invesco QQQ comprises 1.3% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Cornerstone Wealth Management LLC’s holdings in Invesco QQQ were worth $18,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Alliance Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 11.8% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 19,626 shares of the exchange traded fund’s stock worth $9,579,000 after acquiring an additional 2,073 shares during the period. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of Invesco QQQ during the third quarter worth $294,000. Curran Financial Partners LLC grew its holdings in Invesco QQQ by 26.6% during the 3rd quarter. Curran Financial Partners LLC now owns 1,447 shares of the exchange traded fund’s stock valued at $706,000 after purchasing an additional 304 shares in the last quarter. Fulton Breakefield Broenniman LLC lifted its holdings in Invesco QQQ by 2.1% in the 3rd quarter. Fulton Breakefield Broenniman LLC now owns 8,170 shares of the exchange traded fund’s stock worth $3,987,000 after buying an additional 166 shares in the last quarter. Finally, Physician Wealth Advisors Inc. grew its stake in Invesco QQQ by 1.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 4,645 shares of the exchange traded fund’s stock valued at $2,280,000 after purchasing an additional 83 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $490.91 on Thursday. The company’s fifty day moving average is $475.94 and its two-hundred day moving average is $464.29. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

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.