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Invesco QQQ (NASDAQ:QQQ) Stock Price Up 1.4% - Still a Buy?

Invesco QQQ logo with Finance background
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Key Points

  • QQQ rose 1.4% to $637.40, trading above its 50‑day ($599.41) and 200‑day ($609.92) moving averages, though volume was about 23% below its average.
  • Daily ETF inflows, strong brand recognition and roughly 44.6% institutional ownership are providing structural demand that has supported QQQ’s price momentum.
  • Major risks include potential Fed balance‑sheet tightening and rising inflation/energy prices that could compress tech multiples and boost volatility, and the ETF yields only about 0.5%, limiting income appeal.
  • Five stocks we like better than Invesco QQQ.

Invesco QQQ (NASDAQ:QQQ - Get Free Report) rose 1.4% during trading on Wednesday . The company traded as high as $637.83 and last traded at $637.40. Approximately 49,035,361 shares changed hands during trading, a decline of 23% from the average daily volume of 63,420,965 shares. The stock had previously closed at $628.60.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Trading Up 1.4%

The company has a 50 day moving average of $599.41 and a two-hundred day moving average of $609.92.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.5%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Well Done LLC boosted its holdings in Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund's stock worth $2,113,000 after buying an additional 16 shares in the last quarter. Orgel Wealth Management LLC boosted its holdings in Invesco QQQ by 4.7% during the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund's stock worth $229,000 after buying an additional 17 shares in the last quarter. Enclave Advisors LLC boosted its holdings in Invesco QQQ by 0.9% during the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund's stock worth $1,099,000 after buying an additional 17 shares in the last quarter. IFS Advisors LLC boosted its holdings in Invesco QQQ by 4.1% during the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund's stock worth $259,000 after buying an additional 17 shares in the last quarter. Finally, Mezzasalma Advisors LLC boosted its holdings in Invesco QQQ by 0.5% during the third quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund's stock worth $1,988,000 after buying an additional 17 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Company Profile

(Get Free Report)

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.

See Also

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