Invesco QQQ (NASDAQ:QQQ) Trading Up 0.4%

Shares of Invesco QQQ (NASDAQ:QQQGet Free Report) traded up 0.4% during trading on Thursday . The company traded as high as $440.48 and last traded at $440.30. 13,519,917 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 44,576,938 shares. The stock had previously closed at $438.37.

Invesco QQQ Price Performance

The stock has a 50 day moving average of $438.24 and a 200 day moving average of $405.53.

Invesco QQQ Dividend Announcement

The firm also recently announced 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. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Summit X LLC grew its holdings in shares of Invesco QQQ by 0.4% during the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after purchasing an additional 24 shares during the last quarter. IMA Wealth Inc. boosted its holdings in Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after acquiring an additional 25 shares during the last quarter. S.A. Mason LLC boosted its holdings in Invesco QQQ by 1.5% in the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after acquiring an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC boosted its holdings in Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after acquiring an additional 25 shares during the last quarter. Finally, Cedrus LLC boosted its holdings in Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Company Profile

(Get Free Report)

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.

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