Compass Planning Associates Inc acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 879 shares of the exchange traded fund's stock, valued at approximately $449,000. Invesco QQQ makes up 0.5% of Compass Planning Associates Inc's portfolio, making the stock its 24th largest holding.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after buying an additional 2,059 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after acquiring an additional 11,351 shares during the period. Socha Financial Group LLC lifted its position in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock worth $44,732,000 after acquiring an additional 2,171 shares during the last quarter. NRI Wealth Management LC bought a new stake in Invesco QQQ during the fourth quarter valued at about $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its position in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock valued at $15,169,000 after purchasing an additional 3,581 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Trading Down 2.1 %
Shares of Invesco QQQ stock traded down $11.15 during trading on Friday, reaching $526.08. The company's stock had a trading volume of 46,971,894 shares, compared to its average volume of 30,570,080. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The business's fifty day moving average price is $523.48 and its 200-day moving average price is $500.07.
Invesco QQQ Announces Dividend
The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.
About Invesco QQQ
(
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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