Congress Park Capital LLC Has $3.25 Million Position in Invesco QQQ (NASDAQ:QQQ)

Congress Park Capital LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,347 shares of the exchange traded fund’s stock after selling 204 shares during the period. Invesco QQQ comprises about 1.2% of Congress Park Capital LLC’s portfolio, making the stock its 26th largest position. Congress Park Capital LLC’s holdings in Invesco QQQ were worth $3,245,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QQQ. GAMMA Investing LLC raised its stake in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after acquiring an additional 11,351 shares in the last quarter. Socha Financial Group LLC raised its position in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its position in shares of Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 3,581 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $513.08 on Friday. The business has a 50 day simple moving average of $515.79 and a 200 day simple moving average of $491.65. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.