Congress Park Capital LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Congress Park Capital LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,551 shares of the exchange traded fund’s stock after acquiring an additional 309 shares during the period. Invesco QQQ accounts for 1.2% of Congress Park Capital LLC’s portfolio, making the stock its 25th largest holding. Congress Park Capital LLC’s holdings in Invesco QQQ were worth $3,197,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Buckingham Strategic Wealth LLC grew its stake in shares of Invesco QQQ by 2.7% in the 4th quarter. Buckingham Strategic Wealth LLC now owns 37,403 shares of the exchange traded fund’s stock worth $15,317,000 after buying an additional 979 shares in the last quarter. Guardian Wealth Advisors LLC NC grew its stake in shares of Invesco QQQ by 39.0% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 3,259 shares of the exchange traded fund’s stock worth $1,335,000 after buying an additional 914 shares in the last quarter. Fort Sheridan Advisors LLC grew its stake in shares of Invesco QQQ by 15.4% in the 4th quarter. Fort Sheridan Advisors LLC now owns 3,291 shares of the exchange traded fund’s stock worth $1,348,000 after buying an additional 440 shares in the last quarter. Pettyjohn Wood & White Inc. grew its stake in shares of Invesco QQQ by 1.0% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 19,936 shares of the exchange traded fund’s stock worth $8,164,000 after buying an additional 199 shares in the last quarter. Finally, Optimist Retirement Group LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth $2,765,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $0.65 on Friday, reaching $493.24. The company’s stock had a trading volume of 10,040,136 shares, compared to its average volume of 39,254,910. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The company has a 50-day simple moving average of $471.66 and a 200 day simple moving average of $462.79.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.