Lionsbridge Wealth Management LLC Makes New $5.57 Million Investment in Invesco QQQ $QQQ

Key Points

• Lionsbridge Wealth Management LLC has invested $5.57 million in Invesco QQQ, acquiring 10,095 shares which now constitute 5.5% of its portfolio.
• Invesco QQQ recently increased its quarterly dividend to $0.694, up from $0.59, indicating a positive trend in its dividend policy.
• Approximately 44.58% of Invesco QQQ's stock is owned by institutional investors, reflecting significant interest from large financial entities.

Lionsbridge Wealth Management LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,095 shares of the exchange traded fund's stock, valued at approximately $5,569,000. Invesco QQQ makes up approximately 5.5% of Lionsbridge Wealth Management LLC's portfolio, making the stock its 4th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSG Advisors LLC lifted its holdings in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after acquiring an additional 585 shares in the last quarter. Amundi lifted its holdings in shares of Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 8.6% in the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock valued at $9,428,000 after purchasing an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its holdings in shares of Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock valued at $3,649,000 after purchasing an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC lifted its holdings in shares of Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock valued at $904,000 after purchasing an additional 612 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $611.54 on Tuesday. The stock's 50-day moving average is $588.07 and its 200-day moving average is $542.68. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

Invesco QQQ 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.

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