Liberty Square Wealth Partners LLC Buys 3,052 Shares of Invesco QQQ $QQQ

Key Points

• Liberty Square Wealth Partners increased its stake in Invesco QQQ by 16.5% in the first quarter, buying 3,052 additional shares and bringing its total to 21,586 shares worth about $12.46 million.
• The ETF’s quarterly dividend was raised to $0.8135 per share from $0.73, implying an annualized payout of $3.25 and a 0.5% yield.
• QQQ traded at $695.33 Friday, below its 50-day average but above its 200-day average, while broader sentiment remains mixed amid strength in Apple and weakness in chip and momentum stocks.

Liberty Square Wealth Partners LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,586 shares of the exchange traded fund's stock after buying an additional 3,052 shares during the period. Invesco QQQ makes up 3.5% of Liberty Square Wealth Partners LLC's portfolio, making the stock its 8th biggest position. Liberty Square Wealth Partners LLC's holdings in Invesco QQQ were worth $12,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. CAP Partners LLC lifted its position in Invesco QQQ by 3.5% during the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock worth $256,000 after acquiring an additional 15 shares in the last quarter. Durante & Waters LLC grew its position in Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock valued at $822,000 after acquiring an additional 15 shares in the last quarter. Well Done LLC grew its position in Invesco QQQ by 0.5% in the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund's stock valued at $2,113,000 after acquiring an additional 16 shares in the last quarter. Forty three Eighteen Advisors LLC raised its stake in shares of Invesco QQQ by 0.6% during the first quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund's stock valued at $1,555,000 after purchasing an additional 16 shares during the period. Finally, Tenon Financial LLC raised its stake in shares of Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund's stock valued at $494,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $695.33 on Friday. The company's fifty day simple moving average is $720.41 and its 200-day simple moving average is $653.13. Invesco QQQ has a 52 week low of $551.68 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a dividend of $0.8135 per share. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.5%.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Apple is outperforming and hitting fresh records, which helps support QQQ because AAPL is one of its largest holdings. AAPL Stock Hits Fresh Record As July Rally Nears Best Month In Nearly 4 Years — HSBC Sees Another 10% Upside
• Neutral Sentiment: New ETF launches and commentary continue to highlight investor interest in Nasdaq and tech income strategies, but these are not strong enough to move QQQ on their own. Meet TMGN, the 0.88 Fee ETF Betting on Tech Giants and Options Income
• Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower intraday, suggesting overall risk appetite has softened. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Chip stocks are under pressure on TSMC capex concerns, hurting the semiconductor-heavy portion of the Nasdaq-100 and weighing on QQQ. S&P 500, Nasdaq, Dow End Lower As Chip Stocks Slide On TSMC Capex Concerns — TSM, MU, NVDA, UNH, GOOGL In Focus
• Negative Sentiment: Tech and momentum stocks are seeing some of the highest volatility in decades, adding to pressure on the Nasdaq-100 and QQQ. The Tech Shakeout: Market Extremes & Gavin Baker's Bold Call

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.

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