Opulen Financial Group LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Opulen Financial Group LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,710 shares of the exchange traded fund's stock, valued at approximately $2,408,000. Invesco QQQ makes up about 2.2% of Opulen Financial Group LLC's holdings, making the stock its 9th largest holding.

A number of other large investors have also recently made changes to their positions in QQQ. SOA Wealth Advisors LLC. lifted its stake in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after buying an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC lifted its stake in shares of Invesco QQQ by 13.6% in the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund's stock valued at $7,553,000 after buying an additional 1,854 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Invesco QQQ by 5.0% in the third quarter. Harbor Capital Advisors Inc. now owns 589 shares of the exchange traded fund's stock valued at $287,000 after buying an additional 28 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Invesco QQQ by 5.6% in the third quarter. QRG Capital Management Inc. now owns 5,569 shares of the exchange traded fund's stock valued at $2,718,000 after purchasing an additional 294 shares during the last quarter. Finally, Focused Wealth Management Inc raised its holdings in shares of Invesco QQQ by 11.3% in the third quarter. Focused Wealth Management Inc now owns 134,251 shares of the exchange traded fund's stock valued at $65,524,000 after purchasing an additional 13,641 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

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Invesco QQQ Price Performance

Shares of QQQ stock traded up $3.59 on Friday, hitting $491.79. The stock had a trading volume of 54,649,747 shares, compared to its average volume of 34,845,187. The business has a 50 day moving average of $518.84 and a 200 day moving average of $503.99. The stock has a market cap of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend 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.