Invesco QQQ (NASDAQ:QQQ) Trading Up 2.3% - What's Next?

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price traded up 2.3% on Thursday . The stock traded as high as $485.40 and last traded at $486.32. 12,976,474 shares changed hands during trading, a decline of 64% from the average session volume of 36,381,782 shares. The stock had previously closed at $475.47.

Invesco QQQ Trading Up 1.5 %

The business has a 50 day moving average price of $469.56 and a 200-day moving average price of $499.58. The company has a market cap of $306.33 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

Hedge Funds Weigh In On Invesco QQQ

A number of hedge funds and other institutional investors have recently bought and sold shares of QQQ. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $37,000. Finally, Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after buying an additional 20 shares during 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.