Opus Capital Group LLC Purchases 1,989 Shares of Invesco QQQ (NASDAQ:QQQ)

Opus Capital Group LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 236.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,829 shares of the exchange traded fund's stock after purchasing an additional 1,989 shares during the period. Opus Capital Group LLC's holdings in Invesco QQQ were worth $1,327,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QQQ. Eagle Capital Management LLC grew its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares during the last quarter. Brighton Jones LLC boosted its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Invesco QQQ by 3.1% in the fourth quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock worth $11,791,000 after acquiring an additional 687 shares in the last quarter. Finally, Amundi grew its holdings in Invesco QQQ by 13.0% during the 4th quarter. Amundi now owns 104,303 shares of the exchange traded fund's stock worth $53,744,000 after acquiring an additional 12,015 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.7%

Shares of Invesco QQQ stock traded up $3.91 during trading hours on Wednesday, reaching $556.25. The company's stock had a trading volume of 42,940,948 shares, compared to its average volume of 39,424,508. Invesco QQQ has a one year low of $402.39 and a one year high of $557.57. The company's 50 day simple moving average is $522.66 and its 200 day simple moving average is $505.17.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, June 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.