Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.4% - Should You Sell?

Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) dropped 0.4% during trading on Monday . The company traded as low as $514.24 and last traded at $519.48. Approximately 20,242,417 shares were traded during trading, a decline of 45% from the average daily volume of 36,756,018 shares. The stock had previously closed at $521.51.

Invesco QQQ Trading Up 0.4%

The firm has a market capitalization of $327.38 billion, a PE ratio of 30.62 and a beta of 1.11. The firm has a 50-day moving average of $472.85 and a two-hundred day moving average of $500.53.

Invesco QQQ Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QQQ. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% in 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 fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth $37,000. Finally, Hoese & Co LLP raised its holdings 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 during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

About Invesco QQQ

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.