Compass Planning Associates Inc Makes New $449,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Compass Planning Associates Inc acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 879 shares of the exchange traded fund’s stock, valued at approximately $449,000. Invesco QQQ accounts for about 0.5% of Compass Planning Associates Inc’s investment portfolio, making the stock its 24th biggest position.

A number of other hedge funds also recently modified their holdings of QQQ. GAMMA Investing LLC lifted its position in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after acquiring an additional 2,059 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Socha Financial Group LLC boosted its stake in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC acquired a new position in Invesco QQQ in the 4th quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its position in Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $537.23 on Friday. The firm has a 50-day moving average of $523.48 and a 200-day moving average of $500.07. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.