Invesco QQQ (NASDAQ:QQQ - Get Free Report) dropped 0% during trading on Tuesday . The stock traded as low as $429.78 and last traded at $430.89. Approximately 13,748,921 shares traded hands during trading, a decline of 69% from the average daily volume of 44,978,117 shares. The stock had previously closed at $431.06.
Invesco QQQ Trading Up 0.0 %
The company has a fifty day moving average price of $438.29 and a 200 day moving average price of $406.76.
Invesco QQQ Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%.
Institutional Trading of Invesco QQQ
Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund's stock worth $2,134,368,000 after acquiring an additional 48,423,350 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund's stock worth $11,580,806,000 after acquiring an additional 43,463,232 shares during the period. International Assets Investment Management LLC lifted its stake in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund's stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Global Assets Advisory LLC purchased a new stake in Invesco QQQ in the first quarter worth $1,580,776,000. Finally, Morgan Stanley lifted its stake in Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund's stock worth $4,477,628,000 after acquiring an additional 1,533,114 shares during the period. Institutional investors own 44.58% of the company's stock.
About Invesco QQQ
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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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