Invesco QQQ (NASDAQ:QQQ) Stock Price Up 1.7% - Time to Buy?

Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded up 1.7% during mid-day trading on Monday . The stock traded as high as $527.80 and last traded at $527.40. 11,194,145 shares were traded during trading, a decline of 55% from the average session volume of 24,965,090 shares. The stock had previously closed at $518.58.

Invesco QQQ Trading Up 1.1 %

The business has a fifty day simple moving average of $513.21 and a 200 day simple moving average of $490.14.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco QQQ

Several institutional investors have recently added to or reduced their stakes in QQQ. Northeast Investment Management grew its holdings in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund's stock worth $1,697,000 after purchasing an additional 20 shares in the last quarter. Planning Capital Management Corp grew its stake in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund's stock worth $146,000 after buying an additional 20 shares in the last quarter. Skyline Advisors Inc. increased its holdings in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund's stock valued at $215,000 after buying an additional 21 shares during the period. Madden Advisory Services Inc. raised its position in shares of Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund's stock valued at $1,214,000 after buying an additional 21 shares in the last quarter. Finally, Meridian Management Co. raised its position in shares of Invesco QQQ by 0.6% in the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund's stock valued at $1,640,000 after buying an additional 21 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Company Profile

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.