Compass Financial Group INC SD Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Compass Financial Group INC SD boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,681 shares of the exchange traded fund’s stock after buying an additional 138 shares during the period. Invesco QQQ accounts for about 0.6% of Compass Financial Group INC SD’s portfolio, making the stock its 18th largest position. Compass Financial Group INC SD’s holdings in Invesco QQQ were worth $2,905,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Stephens Consulting LLC lifted its stake 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 valued at $2,769,000 after purchasing an additional 19 shares during the period. Northeast Investment Management lifted its position in Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 20 shares during the period. Planning Capital Management Corp grew its position in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after buying an additional 20 shares during the period. Cardinal Point Capital Management ULC grew its position in shares of 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 buying an additional 20 shares during the period. Finally, Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $538.15 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company’s 50-day simple moving average is $522.14 and its 200 day simple moving average is $497.35.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ 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.