4,710 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Opulen Financial Group LLC

Opulen Financial Group LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,710 shares of the exchange traded fund’s stock, valued at approximately $2,408,000. Invesco QQQ makes up 2.2% of Opulen Financial Group LLC’s investment portfolio, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Invesco QQQ by 86.8% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,381 shares of the exchange traded fund’s stock valued at $1,728,000 after buying an additional 1,571 shares in the last quarter. Ethos Financial Group LLC grew its position in Invesco QQQ by 49.7% in the fourth quarter. Ethos Financial Group LLC now owns 9,538 shares of the exchange traded fund’s stock valued at $4,876,000 after acquiring an additional 3,165 shares in the last quarter. Black Swift Group LLC lifted its position in shares of Invesco QQQ by 261.0% during the fourth quarter. Black Swift Group LLC now owns 18,049 shares of the exchange traded fund’s stock worth $9,227,000 after purchasing an additional 13,049 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of Invesco QQQ by 0.9% in the fourth quarter. Dana Investment Advisors Inc. now owns 3,406 shares of the exchange traded fund’s stock valued at $1,741,000 after purchasing an additional 32 shares during the period. Finally, Vision Financial Markets LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $8,561,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $502.01 on Thursday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a market capitalization of $316.39 billion, a PE ratio of 33.43 and a beta of 1.11. The business has a 50-day moving average of $520.28 and a 200-day moving average of $503.86.

Invesco QQQ Announces Dividend

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