Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.2%

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price shot up 0.2% during trading on Wednesday . The company traded as high as $441.04 and last traded at $441.01. 7,079,765 shares traded hands during trading, a decline of 84% from the average session volume of 45,119,887 shares. The stock had previously closed at $440.32.

Invesco QQQ Price Performance

The firm's 50-day simple moving average is $436.66 and its 200 day simple moving average is $414.00.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid 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 Trading of Invesco QQQ

Several hedge funds and other institutional investors have recently modified their holdings of QQQ. 180 Wealth Advisors LLC increased its position in shares of Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund's stock valued at $870,000 after buying an additional 29 shares during the period. Bank Hapoalim BM lifted its stake in Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund's stock worth $31,669,000 after purchasing an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC boosted its holdings in Invesco QQQ by 29.7% in the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund's stock valued at $1,848,000 after purchasing an additional 1,033 shares during the period. Ameriprise Financial Inc. grew its position in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund's stock valued at $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC increased its holdings in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund's stock worth $8,099,000 after purchasing an additional 16,079 shares during the period. Institutional investors own 44.58% of the company's stock.

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.