Opinicus Capital Inc. Has $3.79 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Opinicus Capital Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,418 shares of the exchange traded fund’s stock after selling 355 shares during the quarter. Invesco QQQ comprises about 3.2% of Opinicus Capital Inc.’s investment portfolio, making the stock its 7th largest position. Opinicus Capital Inc.’s holdings in Invesco QQQ were worth $3,792,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $522.92 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The business has a 50 day simple moving average of $521.00 and a 200 day simple moving average of $495.29.

Invesco QQQ Dividend Announcement

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

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.