Cornerstone Financial Group LLC NE Lowers Stock Holdings in Invesco QQQ $QQQ

Cornerstone Financial Group LLC NE reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 59.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 685 shares of the exchange traded fund’s stock after selling 1,015 shares during the period. Cornerstone Financial Group LLC NE’s holdings in Invesco QQQ were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Carrera Capital Advisors boosted its holdings in Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after purchasing an additional 1,154 shares during the period. Sovran Advisors LLC lifted its holdings in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after buying an additional 1,340 shares during the last quarter. Corepath Wealth Partners LLC lifted its holdings in Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after buying an additional 1,436 shares during the last quarter. Cane Capital Partners LLC purchased a new stake in Invesco QQQ during the 4th quarter worth about $715,000. Finally, Coyle Financial Counsel LLC lifted its holdings in Invesco QQQ by 4.9% during the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after buying an additional 2,035 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.2%

Shares of NASDAQ QQQ opened at $707.83 on Wednesday. The business has a 50-day moving average of $672.66 and a two-hundred day moving average of $632.91. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: QQQ is benefiting from a rebound in chip and large-cap tech stocks, which has helped lift the Nasdaq-100 and supported the ETF after last week’s weakness. Invesco QQQ Trust ETF (QQQ) Rebounds from Last Week’s Slump; What’s Fueling the Rise?
• Positive Sentiment: Investors are still treating big tech as a relative safe haven, which can help sustain demand for the Nasdaq-100 and QQQ if risk-off themes persist. How Big Tech Became The Market’s New Safe Haven
• Neutral Sentiment: Upcoming inflation data and other macro releases could move rates and growth-stock valuations, creating a near-term catalyst but not a clear one-way signal for QQQ. Plenty of Data Ahead of CPI, SPCX
• Neutral Sentiment: News that SpaceX could join the Nasdaq-100 sooner under revised rules is stirring interest in index composition, though the impact on QQQ is still speculative. SpaceX Could Join the Nasdaq-100 Very Soon. Should You Buy the Invesco QQQ Trust Today?
• Negative Sentiment: Several reports warn that mega-IPOs, rising oil prices, and geopolitical risk could pressure the Nasdaq-100’s rally and increase volatility for QQQ. Mega IPOs Pose Leveraged Downside Risk For The Nasdaq 100
• Negative Sentiment: Broader market caution remains after Friday’s tech pullback and renewed Middle East tensions, which could keep pressure on growth and AI-heavy names inside QQQ. The Nasdaq is Rebounding on Monday. But Rising Oil Prices Still Threaten the AI Trade.

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.