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

Opus Capital Group LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 236.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,829 shares of the exchange traded fund's stock after buying 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 filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $0.80 on Thursday, reaching $555.45. 33,642,600 shares of the stock were exchanged, compared to its average volume of 39,403,012. The firm's 50 day moving average is $524.27 and its 200-day moving average is $505.52. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend 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.