Compass Financial Services Inc Grows Position in Invesco QQQ $QQQ

by · The Cerbat Gem

Compass Financial Services Inc boosted its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,091 shares of the exchange traded fund’s stock after buying an additional 90 shares during the quarter. Invesco QQQ accounts for approximately 1.4% of Compass Financial Services Inc’s holdings, making the stock its 16th biggest position. Compass Financial Services Inc’s holdings in Invesco QQQ were worth $2,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ in the second quarter worth approximately $41,000. Blume Capital Management Inc. grew its position 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 worth $57,000 after purchasing an additional 2,536 shares during the period. Moser Wealth Advisors LLC raised its stake in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its holdings in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $608.86 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock’s fifty day moving average price is $605.86 and its 200-day moving average price is $564.57.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a $0.694 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

Invesco QQQ Company Profile

(Free Report)

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.

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