Opal Wealth Advisors LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Opal Wealth Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 942 shares of the exchange traded fund’s stock after purchasing an additional 100 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Invesco QQQ were worth $482,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in QQQ. International Assets Investment Management LLC boosted its position in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after acquiring an additional 13,772 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Invesco QQQ by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock valued at $425,324,000 after purchasing an additional 2,572 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $522.92 on Monday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The company’s 50 day moving average is $521.26 and its two-hundred day moving average is $495.67.

Invesco QQQ Dividend Announcement

The company 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 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.