Compass Financial Services Inc Grows Stock Position in Invesco QQQ $QQQ

Compass Financial Services Inc lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,001 shares of the exchange traded fund’s stock after purchasing an additional 19 shares during the period. Invesco QQQ comprises about 1.2% of Compass Financial Services Inc’s holdings, making the stock its 14th largest position. Compass Financial Services Inc’s holdings in Invesco QQQ were worth $2,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC boosted its holdings in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $584.08 on Friday. The business’s 50 day simple moving average is $567.63 and its 200-day simple moving average is $519.99. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $584.88.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.