Invesco QQQ (NASDAQ:QQQ) Trading Up 0.2%

Invesco QQQ (NASDAQ:QQQGet Free Report) shares were up 0.2% during trading on Monday . The stock traded as high as $455.58 and last traded at $451.67. Approximately 12,426,373 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 42,945,746 shares. The stock had previously closed at $450.71.

Invesco QQQ Price Performance

The firm’s 50-day moving average is $440.92 and its 200 day moving average is $426.00.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were given a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.50%.

Institutional Investors Weigh In On Invesco QQQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank Hapoalim BM lifted its position in Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after buying an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC increased its stake in shares of Invesco QQQ by 29.7% during the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after purchasing an additional 1,033 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the last quarter. VitalStone Financial LLC grew its stake in Invesco QQQ by 302.0% in the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after buying an additional 16,079 shares during the last quarter. Finally, Scarborough Advisors LLC grew its stake in Invesco QQQ by 73.3% in the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after buying an additional 581 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

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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