Compass Capital Corp MA ADV Buys New Position in Invesco QQQ (NASDAQ:QQQ)

Compass Capital Corp MA ADV purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,970 shares of the exchange traded fund’s stock, valued at approximately $2,092,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Isomer Partners LP purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $10,312,000. Cordatus Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $6,478,000. Centricity Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $240,000. Suncoast Equity Management increased its position in Invesco QQQ by 49.5% in the 4th quarter. Suncoast Equity Management now owns 740 shares of the exchange traded fund’s stock worth $378,000 after purchasing an additional 245 shares during the last quarter. Finally, JMG Financial Group Ltd. increased its holdings in Invesco QQQ by 3.1% in the fourth quarter. JMG Financial Group Ltd. now owns 7,565 shares of the exchange traded fund’s stock worth $3,868,000 after buying an additional 229 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $537.23 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The firm’s fifty day simple moving average is $523.48 and its 200-day simple moving average is $500.07.

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 paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.