Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) rose 0.1% during mid-day trading on Wednesday . The company traded as high as $456.65 and last traded at $456.14. Approximately 5,276,340 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 43,512,566 shares. The stock had previously closed at $455.80.
Invesco QQQ Stock Down 0.0 %
The stock's 50 day moving average is $438.17 and its 200-day moving average is $420.60.
Invesco QQQ Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Monday, March 18th.
Hedge Funds Weigh In On Invesco QQQ
A number of institutional investors have recently bought and sold shares of the stock. WealthPlan Investment Management LLC increased its stake in shares of Invesco QQQ by 1,496.0% during the third quarter. WealthPlan Investment Management LLC now owns 13,199 shares of the exchange traded fund's stock valued at $4,729,000 after purchasing an additional 12,372 shares in the last quarter. FDx Advisors Inc. grew its holdings in shares of Invesco QQQ by 12.4% during the third quarter. FDx Advisors Inc. now owns 618 shares of the exchange traded fund's stock valued at $222,000 after buying an additional 68 shares during the last quarter. Blume Capital Management Inc. grew its holdings in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund's stock valued at $48,000 after buying an additional 3,500 shares during the last quarter. Fortis Capital Management LLC grew its holdings in shares of Invesco QQQ by 5.9% during the third quarter. Fortis Capital Management LLC now owns 5,384 shares of the exchange traded fund's stock valued at $1,929,000 after buying an additional 301 shares during the last quarter. Finally, Column Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 8.3% during the third quarter. Column Capital Advisors LLC now owns 22,470 shares of the exchange traded fund's stock valued at $8,050,000 after buying an additional 1,714 shares during the last quarter. 44.58% of the stock is owned by institutional investors.
About Invesco QQQ
(
Get Free Report)
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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