Compass Financial Group INC SD Has $2.91 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Compass Financial Group INC SD grew its stake in Invesco QQQ (NASDAQ:QQQ) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,681 shares of the exchange traded fund’s stock after purchasing an additional 138 shares during the period. Invesco QQQ comprises approximately 0.6% of Compass Financial Group INC SD’s investment portfolio, making the stock its 18th largest position. Compass Financial Group INC SD’s holdings in Invesco QQQ were worth $2,905,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC raised its stake in Invesco QQQ by 0.4% in the fourth 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 in the last quarter. Northeast Investment Management raised its position in shares of Invesco QQQ by 0.6% during the 3rd 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 in the last quarter. Planning Capital Management Corp lifted its holdings in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC grew its position in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after acquiring an additional 20 shares in the last quarter. Finally, Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in the fourth 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 last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $538.15 on Friday. The stock’s 50-day simple moving average is $522.14 and its two-hundred day simple moving average is $497.35. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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.