Invesco QQQ Trust (QQQ) Shares Bought by Opera Trading Capital
Opera Trading Capital boosted its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 2,646.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,850 shares of the exchange traded fund’s stock after purchasing an additional 17,200 shares during the period. Opera Trading Capital’s holdings in Invesco QQQ Trust were worth $3,317,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Invesco QQQ Trust in the 3rd quarter valued at $108,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Invesco QQQ Trust in the 2nd quarter valued at $104,000. Providence Capital Advisors LLC boosted its holdings in shares of Invesco QQQ Trust by 487.4% in the 2nd quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock valued at $104,000 after acquiring an additional 502 shares during the last quarter. Quad Cities Investment Group LLC purchased a new stake in shares of Invesco QQQ Trust in the 2nd quarter valued at $128,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of Invesco QQQ Trust in the 2nd quarter valued at $147,000. 41.18% of the stock is currently owned by institutional investors.
Separately, Bank of America downgraded shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a report on Monday, November 5th.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Tuesday, September 25th were issued a dividend of $0.3298 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Monday, September 24th.
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About Invesco QQQ Trust
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.
Read More: What is the Ex-Dividend Date in Investing?
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