Invesco QQQ (NASDAQ:QQQ) Stock Holdings Increased by Opus Capital Group LLC

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

A number of other institutional investors have also modified their holdings of QQQ. Diversified Enterprises LLC boosted its holdings in shares of Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after buying an additional 20 shares during the period. Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after buying an additional 20 shares during the period. Legacy Investment Solutions LLC boosted its holdings in shares of Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after buying an additional 20 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after buying an additional 20 shares during the period. Finally, Willis Johnson & Associates Inc. boosted its holdings in shares of Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after buying an additional 21 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ traded down $1.25 during midday trading on Friday, hitting $554.20. The stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,558. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.63. The business has a 50-day simple moving average of $527.06 and a two-hundred day simple moving average of $505.91.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

About Invesco QQQ

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.