Opinicus Capital Inc. Takes Position in Invesco QQQ (NASDAQ:QQQ)

Opinicus Capital Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, Holdings Channel reports. The fund purchased 7,845 shares of the exchange traded fund’s stock, valued at approximately $3,213,000. Invesco QQQ accounts for approximately 3.3% of Opinicus Capital Inc.’s investment portfolio, making the stock its 5th largest holding.

Other hedge funds have also recently made changes to their positions in the company. Red Tortoise LLC raised its position in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the last quarter. Friedenthal Financial bought a new position in shares of Invesco QQQ during the fourth quarter worth about $41,000. Bear Mountain Capital Inc. bought a new position in shares of Invesco QQQ during the fourth quarter worth about $42,000. Core Wealth Advisors Inc. raised its position in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.5 %

QQQ stock traded up $6.55 during mid-day trading on Friday, reaching $431.00. The company’s stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. The business’s 50 day moving average price is $436.88 and its 200 day moving average price is $410.11. Invesco QQQ has a 12 month low of $315.05 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%.

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.