Congress Park Capital LLC Sells 808 Shares of Invesco QQQ (NASDAQ:QQQ)

Congress Park Capital LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,539 shares of the exchange traded fund's stock after selling 808 shares during the period. Invesco QQQ makes up about 1.0% of Congress Park Capital LLC's holdings, making the stock its 26th biggest position. Congress Park Capital LLC's holdings in Invesco QQQ were worth $2,597,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $51,000. Banque Transatlantique SA purchased a new position in Invesco QQQ in the 4th quarter worth approximately $57,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ in the 4th quarter worth approximately $61,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.4%

QQQ stock traded up $2.26 during mid-day trading on Monday, hitting $529.09. 13,965,137 shares of the stock were exchanged, compared to its average volume of 38,541,230. The business has a fifty day moving average price of $500.57 and a 200 day moving average price of $503.16. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

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.