Invesco QQQ (NASDAQ:QQQ) Trading 0.5% Higher - Here's What Happened

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price traded up 0.5% during mid-day trading on Thursday . The stock traded as high as $516.64 and last traded at $513.90. 11,845,525 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 37,113,145 shares. The stock had previously closed at $511.23.

Invesco QQQ Trading Down 0.2 %

The business has a fifty day moving average price of $512.17 and a 200 day moving average price of $489.54.

Invesco QQQ Dividend Announcement

The business 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 modified their holdings of QQQ. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after buying an additional 45 shares during the period. BNP Paribas purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund's stock worth $71,000 after purchasing an additional 63 shares during the period. Providence Capital Advisors LLC purchased a new position in Invesco QQQ during the 2nd quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Invesco QQQ in the third quarter valued at $91,000. 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.