Opus Capital Group LLC Trims Stock Position in Invesco QQQ $QQQ

Opus Capital Group LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 70.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 840 shares of the exchange traded fund’s stock after selling 1,989 shares during the period. Opus Capital Group LLC’s holdings in Invesco QQQ were worth $463,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $51,000. Finally, Blume Capital Management Inc. raised its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $610.58 on Friday. The company’s 50 day simple moving average is $589.82 and its 200-day simple moving average is $544.88. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.