Congress Wealth Management LLC DE Purchases 3,662 Shares of Invesco QQQ (NASDAQ:QQQ)

Congress Wealth Management LLC DE grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.4% in the 4th quarter, HoldingsChannel reports. The firm owned 72,057 shares of the exchange traded fund’s stock after acquiring an additional 3,662 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Invesco QQQ were worth $36,839,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stephens Consulting LLC lifted its holdings in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC raised its position in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the period. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC boosted its position in shares of Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after buying an additional 20 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $480.84 on Monday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The company has a market cap of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The business’s 50 day moving average price is $511.30 and its 200-day moving average price is $504.45.

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.