Cornerstone Financial Group LLC NE Buys Shares of 2,135 Invesco QQQ (NASDAQ:QQQ)

Cornerstone Financial Group LLC NE purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,135 shares of the exchange traded fund's stock, valued at approximately $1,092,000. Invesco QQQ comprises 1.1% of Cornerstone Financial Group LLC NE's portfolio, making the stock its 29th largest position.S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ in the fourth quarter valued at $37,000. Finally, Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors. Invesco QQQ Price PerformanceShares of NASDAQ QQQ opened at $481.41 on Wednesday. The stock's 50-day moving average is $468.61 and its two-hundred day moving average is $499.45. The company has a market cap of $301.68 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. Invesco QQQ Cuts DividendPayPal Stock: Too Cheap to Ignore, Too Strong to MissThe company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th. About Invesco QQQ (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.Featured ArticlesFive stocks we like better than Invesco QQQExpert Stock Trading Psychology Tips3 Mid-Cap Medical Stocks Outperforming the MarketIndustrial Products Stocks Investing The Top-Ranked Insider Buys From April by Market CapWhat is the MACD Indicator and How to Use it in Your TradingIs Eli Lilly a Buy After Weak Earnings and CVS-Novo Partnership?SPY, QQQ: The S&P 500 Bounce: Relief Rally or Head Fake?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 (NASDAQ:QQQ - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Invesco QQQ Right Now?Before you consider Invesco QQQ, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here