Liberty Square Wealth Partners LLC Buys Shares of 12,227 Invesco QQQ (NASDAQ:QQQ)

Liberty Square Wealth Partners LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,227 shares of the exchange traded fund's stock, valued at approximately $6,580,000. Invesco QQQ comprises 2.4% of Liberty Square Wealth Partners LLC's holdings, making the stock its 7th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Wealth Group Ltd. lifted its stake in shares of Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after purchasing an additional 102 shares during the period. Tallon Kerry Patrick purchased a new position in Invesco QQQ in the fourth quarter valued at $4,904,000. Capital & Planning LLC raised its position in shares of Invesco QQQ by 5.0% in the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after acquiring an additional 229 shares during the period. Naviter Wealth LLC raised its position in shares of Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares during the period. Finally, Eagle Capital Management LLC boosted its stake in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.3%

Shares of QQQ stock traded up $1.34 during trading hours on Thursday, hitting $520.25. 37,826,033 shares of the company's stock were exchanged, compared to its average volume of 37,492,609. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm has a market cap of $326.01 billion, a P/E ratio of 30.62 and a beta of 1.11. The firm has a 50 day moving average of $477.01 and a two-hundred day moving average of $501.03.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco QQQ

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.