Congress Asset Management Co. MA Buys New Stake in Invesco QQQ (NASDAQ:QQQ)

Congress Asset Management Co. MA bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 485 shares of the exchange traded fund’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Hyperion Partners LLC raised its holdings in shares of Invesco QQQ by 1.4% in the first quarter. Hyperion Partners LLC now owns 27,778 shares of the exchange traded fund’s stock worth $12,334,000 after buying an additional 385 shares during the last quarter. Executive Wealth Group LLC raised its holdings in shares of Invesco QQQ by 200.6% in the first quarter. Executive Wealth Group LLC now owns 4,833 shares of the exchange traded fund’s stock worth $2,094,000 after buying an additional 3,225 shares during the last quarter. David J Yvars Group raised its holdings in shares of Invesco QQQ by 2.1% in the first quarter. David J Yvars Group now owns 23,948 shares of the exchange traded fund’s stock worth $10,633,000 after buying an additional 503 shares during the last quarter. SignalPoint Asset Management LLC raised its holdings in shares of Invesco QQQ by 8.1% in the first quarter. SignalPoint Asset Management LLC now owns 7,793 shares of the exchange traded fund’s stock worth $3,450,000 after buying an additional 585 shares during the last quarter. Finally, O Connor Financial Group LLC raised its holdings in shares of Invesco QQQ by 77.5% in the first quarter. O Connor Financial Group LLC now owns 15,846 shares of the exchange traded fund’s stock worth $7,036,000 after buying an additional 6,919 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3 %

NASDAQ QQQ opened at $480.18 on Monday. The company has a fifty day simple moving average of $449.49 and a two-hundred day simple moving average of $433.85. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $486.86.

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.