Opes Wealth Management LLC Purchases Shares of 605 Invesco QQQ (NASDAQ:QQQ)

Opes Wealth Management LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 605 shares of the exchange traded fund’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Red Tortoise LLC increased its position in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial bought a new position in shares of Invesco QQQ in the fourth quarter worth $41,000. Bear Mountain Capital Inc. bought a new position in shares of Invesco QQQ in the fourth quarter worth $42,000. Core Wealth Advisors Inc. increased its position in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in shares of Invesco QQQ in the second quarter worth $44,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

Shares of NASDAQ QQQ traded down $2.43 during mid-day trading on Thursday, reaching $423.41. The company had a trading volume of 46,045,029 shares, compared to its average volume of 45,625,719. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34. The business’s 50-day simple moving average is $438.24 and its 200 day simple moving average is $407.40.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.