Liberty Square Wealth Partners LLC Buys New Holdings in Invesco QQQ (NASDAQ:QQQ)

Liberty Square Wealth Partners LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,227 shares of the exchange traded fund's stock, valued at approximately $6,580,000. Invesco QQQ makes up 2.4% of Liberty Square Wealth Partners LLC's investment portfolio, making the stock its 7th biggest holding.

A number of other large investors have also recently modified their holdings of QQQ. PayPay Securities Corp boosted its holdings in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 2.4%

NASDAQ:QQQ traded up $11.98 during trading hours on Tuesday, hitting $521.22. 47,029,049 shares of the company were exchanged, compared to its average volume of 37,403,242. The stock has a market capitalization of $326.62 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a fifty day simple moving average of $475.41 and a 200 day simple moving average of $500.77.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. 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.