Liberty Square Wealth Partners LLC Buys 1,402 Shares of Invesco QQQ $QQQ

Key Points

• Liberty Square Wealth Partners LLC increased its stake in Invesco QQQ by 10.8%, acquiring an additional 1,402 shares during the second quarter, bringing their total holdings to 14,384 shares valued at approximately $7.935 million.
• Invesco QQQ's recent dividend increased to $0.694 per share, up from the previous $0.59, with an annualized yield of 0.5%.
• As of the latest filing, institutional investors and hedge funds collectively own 44.58% of Invesco QQQ's shares, indicating strong interest from larger entities in the market.

Liberty Square Wealth Partners LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,384 shares of the exchange traded fund's stock after buying an additional 1,402 shares during the quarter. Invesco QQQ makes up approximately 2.7% of Liberty Square Wealth Partners LLC's portfolio, making the stock its 7th biggest position. Liberty Square Wealth Partners LLC's holdings in Invesco QQQ were worth $7,935,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Compass Financial Services Inc raised its position in shares of Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after acquiring an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. raised its position in shares of Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after acquiring an additional 20 shares in the last quarter. Barrett & Company Inc. raised its position in shares of Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock worth $85,000 after acquiring an additional 20 shares in the last quarter. Investment Advisory Group LLC raised its position in shares of Invesco QQQ by 0.4% in the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock worth $3,158,000 after acquiring an additional 20 shares in the last quarter. Finally, waypoint wealth counsel raised its position in shares of Invesco QQQ by 0.6% in the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock worth $1,964,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $603.93 on Monday. The stock has a 50-day moving average price of $587.30 and a 200-day moving average price of $541.36. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a $0.694 dividend. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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