Lloyd Advisory Services LLC. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Lloyd Advisory Services LLC. acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,575 shares of the exchange traded fund’s stock, valued at approximately $699,000.

A number of other hedge funds have also recently made changes to their positions in QQQ. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Invesco QQQ by 14.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,217 shares of the exchange traded fund’s stock valued at $794,000 after purchasing an additional 273 shares during the last quarter. Brasada Capital Management LP increased its stake in Invesco QQQ by 131.1% in the 3rd quarter. Brasada Capital Management LP now owns 1,186 shares of the exchange traded fund’s stock valued at $435,000 after buying an additional 5,000 shares during the last quarter. Natixis Advisors L.P. lifted its position in shares of Invesco QQQ by 26.9% during the 3rd quarter. Natixis Advisors L.P. now owns 16,118 shares of the exchange traded fund’s stock worth $5,775,000 after buying an additional 3,418 shares in the last quarter. Cadence Bank lifted its position in shares of Invesco QQQ by 2.5% during the 3rd quarter. Cadence Bank now owns 4,124 shares of the exchange traded fund’s stock worth $1,478,000 after buying an additional 100 shares in the last quarter. Finally, Wright Fund Management LLC boosted its stake in shares of Invesco QQQ by 4.6% in the 3rd quarter. Wright Fund Management LLC now owns 57,089 shares of the exchange traded fund’s stock worth $20,453,000 after buying an additional 2,500 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.3 %

Shares of QQQ opened at $473.96 on Tuesday. The stock has a 50 day moving average of $450.34 and a 200 day moving average of $434.44. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $486.86.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th.

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.