Invesco QQQ (NASDAQ:QQQ) is Cornerstone Planning Group LLC's Largest Position

Cornerstone Planning Group LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,927 shares of the exchange traded fund's stock after acquiring an additional 10,323 shares during the quarter. Invesco QQQ makes up approximately 14.5% of Cornerstone Planning Group LLC's holdings, making the stock its largest position. Cornerstone Planning Group LLC's holdings in Invesco QQQ were worth $60,878,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of QQQ. Eagle Capital Management LLC boosted its position in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock worth $11,791,000 after purchasing an additional 687 shares in the last quarter. Finally, Amundi boosted its position in shares of Invesco QQQ by 13.0% in the 4th quarter. Amundi now owns 104,303 shares of the exchange traded fund's stock worth $53,744,000 after purchasing an additional 12,015 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded down $1.13 during mid-day trading on Thursday, reaching $555.12. The company had a trading volume of 22,007,057 shares, compared to its average volume of 44,912,082. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $557.63. The firm has a 50-day moving average price of $524.27 and a 200 day moving average price of $505.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.

Invesco QQQ Company 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.