Compass Financial Services Inc Makes New $2.55 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Compass Financial Services Inc bought a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, HoldingsChannel reports. The fund bought 4,982 shares of the exchange traded fund’s stock, valued at approximately $2,547,000. Invesco QQQ makes up 1.4% of Compass Financial Services Inc’s portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. SOA Wealth Advisors LLC. grew its stake in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares in the last quarter. Walker Financial Services Inc. grew its stake in shares of Invesco QQQ by 3.5% in the 3rd quarter. Walker Financial Services Inc. now owns 4,901 shares of the exchange traded fund’s stock valued at $2,392,000 after buying an additional 166 shares in the last quarter. LongView Wealth Management increased its holdings in Invesco QQQ by 3.3% in the third quarter. LongView Wealth Management now owns 10,497 shares of the exchange traded fund’s stock worth $5,123,000 after buying an additional 336 shares during the last quarter. Fiduciary Financial Group LLC lifted its stake in Invesco QQQ by 9.2% in the third quarter. Fiduciary Financial Group LLC now owns 11,575 shares of the exchange traded fund’s stock valued at $5,664,000 after acquiring an additional 977 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in Invesco QQQ by 4.9% in the third quarter. Valeo Financial Advisors LLC now owns 47,520 shares of the exchange traded fund’s stock worth $23,193,000 after acquiring an additional 2,199 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $522.92 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The firm’s fifty day simple moving average is $521.26 and its 200-day simple moving average is $495.57.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.