Invesco QQQ (NASDAQ:QQQ) Shares Down 0.2%

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price traded down 0.2% during trading on Friday . The stock traded as low as $443.65 and last traded at $444.01. 36,839,641 shares were traded during mid-day trading, a decline of 19% from the average session volume of 45,533,704 shares. The stock had previously closed at $444.83.

Invesco QQQ Stock Performance

The business's 50-day simple moving average is $434.46 and its 200-day simple moving average is $399.97.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid 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 Investors Weigh In On Invesco QQQ

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at $35,000. VisionPoint Advisory Group LLC acquired a new stake in Invesco QQQ in the 2nd quarter valued at $36,000. Red Tortoise LLC grew its stake in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock valued at $39,000 after acquiring an additional 74 shares during the period. Robinson Capital Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $40,000. Finally, Friedenthal Financial acquired a new stake in Invesco QQQ in the 4th quarter valued at $41,000. Institutional investors and hedge funds 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.