Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.2%

Invesco QQQ (NASDAQ:QQQ) shares traded up 0.2% on Tuesday . The stock traded as high as $447.23 and last traded at $445.74. 9,312,051 shares traded hands during trading, a decline of 79% from the average session volume of 44,752,434 shares. The stock had previously closed at $444.76.

Invesco QQQ Stock Up 0.3 %

The business’s 50 day simple moving average is $433.08 and its two-hundred day simple moving average is $399.34.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

Hedge Funds Weigh In On Invesco QQQ

Large investors have recently bought and sold shares of the stock. Ironwood Wealth Management LLC. grew its position in shares of Invesco QQQ by 7.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after acquiring an additional 381 shares during the period. Axiom Financial Strategies LLC increased its holdings in shares of Invesco QQQ by 11.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 85 shares during the last quarter. Roundview Capital LLC raised its position in Invesco QQQ by 0.9% during the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after purchasing an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Invesco QQQ by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after buying an additional 278 shares during the last quarter. Finally, Covestor Ltd raised its position in Invesco QQQ by 309.2% in the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after purchasing an additional 337 shares during the period. 44.58% of the stock is currently owned by institutional investors.

About Invesco QQQ

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.