Invesco QQQ Trust (NASDAQ:QQQ) Stake Reduced by Cornerstone Advisors LLC

Cornerstone Advisors LLC reduced its stake in shares of Invesco QQQ Trust (NASDAQ:QQQFree Report) by 12.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 94,800 shares of the exchange traded fund’s stock after selling 13,200 shares during the period. Invesco QQQ Trust makes up about 1.6% of Cornerstone Advisors LLC’s holdings, making the stock its 8th largest holding. Cornerstone Advisors LLC’s holdings in Invesco QQQ Trust were worth $33,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in QQQ. Avalon Trust Co bought a new stake in shares of Invesco QQQ Trust in the second quarter valued at about $28,000. VisionPoint Advisory Group LLC purchased a new stake in Invesco QQQ Trust in the second quarter valued at approximately $36,000. Russell Investments Group Ltd. purchased a new stake in Invesco QQQ Trust in the second quarter valued at approximately $44,000. Blume Capital Management Inc. lifted its holdings in Invesco QQQ Trust by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the period. Finally, Buck Wealth Strategies LLC lifted its holdings in Invesco QQQ Trust by 71.4% in the third quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 65 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trust Trading Up 0.4 %

NASDAQ:QQQ traded up $1.75 during trading hours on Monday, reaching $438.80. The company had a trading volume of 15,217,820 shares, compared to its average volume of 44,074,863. Invesco QQQ Trust has a 1-year low of $285.19 and a 1-year high of $439.14. The business’s 50 day moving average price is $410.75 and its 200-day moving average price is $384.35.

Invesco QQQ Trust Dividend Announcement

The firm also recently announced a None dividend, which was paid on Monday, January 15th. Stockholders of record on Thursday, December 28th were paid a dividend of $0.2158 per share. The ex-dividend date was Wednesday, December 27th.

About Invesco QQQ Trust

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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