Invesco QQQ (NASDAQ:QQQ) Trading 1.2% Higher

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price shot up 1.2% on Tuesday . The stock traded as high as $424.89 and last traded at $424.05. 14,350,170 shares were traded during mid-day trading, a decline of 69% from the average session volume of 45,600,734 shares. The stock had previously closed at $418.82.

Invesco QQQ Stock Up 1.5 %

The firm has a 50 day simple moving average of $437.20 and a two-hundred day simple moving average of $409.44.

Invesco QQQ Announces Dividend

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

Institutional Investors Weigh In On Invesco QQQ

Hedge funds have recently modified their holdings of the business. Summit X LLC grew its position in Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund's stock worth $2,451,000 after acquiring an additional 24 shares during the last quarter. IMA Wealth Inc. grew its position in shares of Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund's stock valued at $695,000 after buying an additional 25 shares during the last quarter. S.A. Mason LLC grew its position in shares of Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund's stock valued at $696,000 after buying an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC grew its position in shares of Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund's stock valued at $2,296,000 after buying an additional 25 shares during the last quarter. Finally, Cedrus LLC grew its position in shares of Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund's stock valued at $596,000 after buying an additional 25 shares during the last quarter. 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.