Invesco QQQ (NASDAQ:QQQ) Trading Up 0.4%

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price traded up 0.4% during trading on Thursday . The stock traded as high as $427.88 and last traded at $427.52. 14,788,212 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 45,188,051 shares. The stock had previously closed at $425.84.

Invesco QQQ Stock Performance

The business's 50-day simple moving average is $438.24 and its 200-day simple moving average is $407.40.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the 1st quarter valued at about $29,000. Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $35,000. Red Tortoise LLC boosted its holdings in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock valued at $39,000 after purchasing an additional 74 shares in the last quarter. Robinson Capital Management LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $40,000. Finally, Friedenthal Financial acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $41,000. 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.