Invesco QQQ (NASDAQ:QQQ) Trading Down 0.5% - Time to Sell?

Invesco QQQ (NASDAQ:QQQ - Get Free Report) shares fell 0.5% on Tuesday . The company traded as low as $518.07 and last traded at $519.38. 11,542,991 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 36,786,175 shares. The stock had previously closed at $522.01.

Invesco QQQ Trading Up 0.2%

The stock has a fifty day simple moving average of $474.14 and a two-hundred day simple moving average of $500.80. The company has a market cap of $322.10 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco QQQ

A number of institutional investors have recently added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

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.