Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Cornerstone Planning Group LLC

Cornerstone Planning Group LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 133,927 shares of the exchange traded fund's stock after buying an additional 10,323 shares during the period. Invesco QQQ accounts for approximately 14.5% of Cornerstone Planning Group LLC's holdings, making the stock its largest holding. Cornerstone Planning Group LLC's holdings in Invesco QQQ were worth $60,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the period. Commonwealth Equity Services LLC increased its holdings in Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after purchasing an additional 52,235 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after purchasing an additional 568,120 shares during the period. GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Invesco QQQ by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock worth $629,680,000 after buying an additional 14,017 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $3.91 during mid-day trading on Wednesday, hitting $556.25. 42,940,948 shares of the company traded hands, compared to its average volume of 39,369,625. The firm's 50 day simple moving average is $522.66 and its 200 day simple moving average is $505.17. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $557.57.

Invesco QQQ Cuts Dividend

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

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.