Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.3%

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price rose 0.3% during mid-day trading on Monday . The stock traded as high as $444.09 and last traded at $443.19. Approximately 8,075,073 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 44,474,195 shares. The stock had previously closed at $442.06.

Invesco QQQ Stock Performance

The business's 50 day simple moving average is $436.73 and its 200 day simple moving average is $415.81.

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 issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 18th.

Institutional Trading of Invesco QQQ

Hedge funds and other institutional investors have recently made changes to their positions in the business. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ during the first quarter worth $29,000. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock worth $32,000 after buying an additional 64 shares during the period. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $35,000. Red Tortoise LLC lifted 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 buying an additional 74 shares during the period. Finally, Friedenthal Financial acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $41,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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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