Invesco QQQ (NASDAQ:QQQ) Position Raised by Liberty Square Wealth Partners LLC

Liberty Square Wealth Partners LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,982 shares of the exchange traded fund's stock after purchasing an additional 755 shares during the quarter. Invesco QQQ comprises 2.3% of Liberty Square Wealth Partners LLC's portfolio, making the stock its 7th biggest holding. Liberty Square Wealth Partners LLC's holdings in Invesco QQQ were worth $6,088,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Byrne Financial Freedom LLC boosted its holdings in Invesco QQQ by 2.5% during the 1st quarter. Byrne Financial Freedom LLC now owns 7,517 shares of the exchange traded fund's stock valued at $3,525,000 after acquiring an additional 180 shares during the period. Wood Tarver Financial Group LLC lifted its holdings in shares of Invesco QQQ by 71.4% in the 1st quarter. Wood Tarver Financial Group LLC now owns 648 shares of the exchange traded fund's stock worth $304,000 after buying an additional 270 shares during the period. YANKCOM Partnership lifted its holdings in shares of Invesco QQQ by 14.5% in the 1st quarter. YANKCOM Partnership now owns 585 shares of the exchange traded fund's stock worth $274,000 after buying an additional 74 shares during the period. Heritage Wealth Management Inc. lifted its holdings in shares of Invesco QQQ by 31.9% in the 1st quarter. Heritage Wealth Management Inc. now owns 909 shares of the exchange traded fund's stock worth $426,000 after buying an additional 220 shares during the period. Finally, Drake & Associates LLC raised its holdings in Invesco QQQ by 4.0% in the first quarter. Drake & Associates LLC now owns 20,283 shares of the exchange traded fund's stock worth $9,511,000 after purchasing an additional 774 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $2.17 during mid-day trading on Wednesday, hitting $554.51. 25,634,703 shares of the company traded hands, compared to its average volume of 39,305,072. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.57. The business has a 50 day moving average of $522.66 and a 200 day moving average of $505.17.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

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.