Invesco QQQ (NASDAQ:QQQ) Trading Down 2.5% - What's Next?

Invesco QQQ (NASDAQ:QQQ - Get Free Report) shares fell 2.5% during mid-day trading on Monday . The stock traded as low as $432.65 and last traded at $433.04. 11,462,318 shares changed hands during trading, a decline of 68% from the average session volume of 36,381,019 shares. The stock had previously closed at $444.10.

Invesco QQQ Stock Up 1.1 %

The firm's 50 day simple moving average is $474.40 and its 200-day simple moving average is $500.08. The company has a market capitalization of $299.44 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

Institutional Investors Weigh In On Invesco QQQ

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