Lionshead Wealth Management LLC Acquires Shares of 4,374 Invesco QQQ (NASDAQ:QQQ)

Lionshead Wealth Management LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,374 shares of the exchange traded fund’s stock, valued at approximately $2,236,000. Invesco QQQ makes up 1.6% of Lionshead Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other large investors have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $723,000. Grant Private Wealth Management Inc purchased a new stake in Invesco QQQ in the fourth quarter valued at $815,000. Tandem Investment Partners LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $4,623,000. Finally, Gemsstock Ltd. raised its position in Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.0%

Shares of NASDAQ:QQQ opened at $488.05 on Monday. The business has a 50-day moving average price of $467.78 and a 200 day moving average price of $499.36. The company has a market capitalization of $305.84 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.