Lionshead Wealth Management LLC Buys 302 Shares of Invesco QQQ $QQQ

Lionshead Wealth Management LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 6.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,676 shares of the exchange traded fund’s stock after purchasing an additional 302 shares during the quarter. Invesco QQQ makes up 2.3% of Lionshead Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Lionshead Wealth Management LLC’s holdings in Invesco QQQ were worth $2,196,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Haverford Trust Co boosted its holdings in Invesco QQQ by 5.8% in the first quarter. Haverford Trust Co now owns 23,614 shares of the exchange traded fund’s stock valued at $11,073,000 after acquiring an additional 1,299 shares in the last quarter. Jasper Ridge Partners L.P. boosted its holdings in shares of Invesco QQQ by 29.3% during the 1st quarter. Jasper Ridge Partners L.P. now owns 4,211 shares of the exchange traded fund’s stock valued at $1,975,000 after buying an additional 955 shares in the last quarter. Little Harbor Advisors LLC boosted its holdings in shares of Invesco QQQ by 3.4% during the 1st quarter. Little Harbor Advisors LLC now owns 24,143 shares of the exchange traded fund’s stock valued at $11,321,000 after buying an additional 804 shares in the last quarter. Cutler Capital Management LLC raised its position in shares of Invesco QQQ by 32.0% in the 1st quarter. Cutler Capital Management LLC now owns 264 shares of the exchange traded fund’s stock worth $124,000 after purchasing an additional 64 shares during the last quarter. Finally, Van Hulzen Asset Management LLC raised its position in Invesco QQQ by 5.1% in the 1st quarter. Van Hulzen Asset Management LLC now owns 4,263 shares of the exchange traded fund’s stock worth $1,999,000 after buying an additional 208 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $571.97 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32. The business has a 50-day simple moving average of $557.92 and a two-hundred day simple moving average of $515.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.