Invesco QQQ (NASDAQ:QQQ) Trading Up 0.3%

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price was up 0.3% on Tuesday . The company traded as high as $441.65 and last traded at $441.53. Approximately 9,437,113 shares changed hands during trading, a decline of 79% from the average daily volume of 45,301,656 shares. The stock had previously closed at $440.25.

Invesco QQQ Price Performance

The company's fifty day moving average is $436.66 and its two-hundred day moving average is $414.00.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

Institutional Trading of Invesco QQQ

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in Invesco QQQ by 244.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 380,566 shares of the exchange traded fund's stock worth $136,345,000 after acquiring an additional 270,035 shares in the last quarter. Brown Advisory Inc. increased its holdings in Invesco QQQ by 7.8% in the third quarter. Brown Advisory Inc. now owns 46,594 shares of the exchange traded fund's stock valued at $16,693,000 after buying an additional 3,390 shares during the last quarter. Ironwood Wealth Management LLC. lifted its holdings in Invesco QQQ by 0.7% during the 3rd quarter. Ironwood Wealth Management LLC. now owns 10,339 shares of the exchange traded fund's stock worth $3,704,000 after buying an additional 74 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Invesco QQQ by 28.2% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 718 shares of the exchange traded fund's stock worth $257,000 after buying an additional 158 shares during the last quarter. Finally, FORVIS Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 2.9% during the 3rd quarter. FORVIS Wealth Advisors LLC now owns 8,751 shares of the exchange traded fund's stock worth $3,135,000 after acquiring an additional 243 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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.