Invesco QQQ (NASDAQ:QQQ - Get Free Report) dropped 0.1% during trading on Wednesday . The company traded as low as $441.93 and last traded at $442.92. Approximately 12,621,791 shares were traded during trading, a decline of 72% from the average daily volume of 44,615,242 shares. The stock had previously closed at $443.32.
Invesco QQQ Trading Up 0.3 %
The business has a 50-day moving average price of $433.08 and a 200 day moving average price of $399.34.
Invesco QQQ Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of QQQ. Barclays PLC lifted its stake in shares of Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund's stock valued at $2,134,368,000 after purchasing an additional 48,423,350 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund's stock valued at $11,580,806,000 after purchasing an additional 43,463,232 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund's stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares during the last quarter. Morgan Stanley lifted its stake in shares of Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund's stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. Finally, Senator Investment Group LP bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $319,548,000. 44.58% of the stock is currently 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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