Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.5%

Invesco QQQ (NASDAQ:QQQ - Get Free Report) shot up 0.5% on Monday . The stock traded as high as $438.32 and last traded at $437.84. 9,055,555 shares changed hands during trading, a decline of 80% from the average session volume of 45,471,066 shares. The stock had previously closed at $435.48.

Invesco QQQ Stock Performance

The company has a 50 day simple moving average of $436.53 and a two-hundred day simple moving average of $412.83.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in QQQ. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ during the 1st quarter valued at $29,000. Legacy Bridge LLC boosted its stake in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the fourth quarter worth $35,000. Red Tortoise LLC boosted its position in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock worth $39,000 after purchasing an additional 74 shares in the last quarter. Finally, Robinson Capital Management LLC purchased a new position in Invesco QQQ during the 4th quarter worth $40,000. Hedge funds and other institutional investors 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.

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