Congress Wealth Management LLC DE Has $4.31 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Congress Wealth Management LLC DE grew its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,532 shares of the exchange traded fund’s stock after acquiring an additional 2,137 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Invesco QQQ were worth $4,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank Hapoalim BM raised its holdings in Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC raised its stake in Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,033 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the period. VitalStone Financial LLC lifted its position in Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares during the period. Finally, Scarborough Advisors LLC grew its stake in Invesco QQQ by 73.3% during the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock worth $492,000 after buying an additional 581 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $4.29 during midday trading on Friday, hitting $457.95. The stock had a trading volume of 29,669,461 shares, compared to its average volume of 33,694,408. The company’s 50-day moving average price is $439.25 and its 200-day moving average price is $422.03. Invesco QQQ has a fifty-two week low of $336.67 and a fifty-two week high of $460.58.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.50%.

Invesco QQQ Profile

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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