Invesco QQQ (NASDAQ:QQQ) Shares Up 0.2%

Invesco QQQ (NASDAQ:QQQ - Get Free Report) rose 0.2% during mid-day trading on Monday . The stock traded as high as $442.12 and last traded at $439.06. Approximately 13,531,431 shares were traded during trading, a decline of 70% from the average daily volume of 44,738,246 shares. The stock had previously closed at $438.27.

Invesco QQQ Stock Down 1.6 %

The company has a 50-day moving average price of $438.24 and a 200-day moving average price of $406.24. The firm has a market capitalization of $251.14 billion, a price-to-earnings ratio of 35.76 and a beta of 1.28.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

Institutional Trading of Invesco QQQ

Several large investors have recently added to or reduced their stakes in QQQ. Ellis Investment Partners LLC grew its holdings in shares of Invesco QQQ by 1.1% during the 1st quarter. Ellis Investment Partners LLC now owns 42,760 shares of the exchange traded fund's stock valued at $18,986,000 after acquiring an additional 486 shares in the last quarter. DGS Capital Management LLC purchased a new position in shares of Invesco QQQ during the 1st quarter valued at $944,000. Revolve Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 6.6% during the 1st quarter. Revolve Wealth Partners LLC now owns 4,979 shares of the exchange traded fund's stock valued at $2,211,000 after acquiring an additional 310 shares in the last quarter. RFG Holdings Inc. grew its holdings in shares of Invesco QQQ by 4.4% during the 1st quarter. RFG Holdings Inc. now owns 74,067 shares of the exchange traded fund's stock valued at $32,897,000 after acquiring an additional 3,140 shares in the last quarter. Finally, Aspiriant LLC boosted its holdings in Invesco QQQ by 22.3% in the first quarter. Aspiriant LLC now owns 6,990 shares of the exchange traded fund's stock worth $3,104,000 after purchasing an additional 1,276 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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.