Opulen Financial Group LLC Acquires New Position in Invesco QQQ (NASDAQ:QQQ)

Opulen Financial Group LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,710 shares of the exchange traded fund’s stock, valued at approximately $2,408,000. Invesco QQQ accounts for 2.2% of Opulen Financial Group LLC’s holdings, making the stock its 9th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $51,000. Finally, Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $502.01 on Thursday. The company has a 50-day moving average of $520.28 and a 200-day moving average of $503.86. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company has a market cap of $316.39 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.