Invesco QQQ (NASDAQ:QQQ) Shares Down 0.4%

Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded down 0.4% on Wednesday . The stock traded as low as $428.46 and last traded at $429.28. 12,344,844 shares traded hands during trading, a decline of 73% from the average session volume of 44,978,902 shares. The stock had previously closed at $431.10.

Invesco QQQ Trading Down 1.2 %

The firm has a fifty day moving average of $438.24 and a two-hundred day moving average of $407.40.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

Institutional Investors Weigh In On Invesco QQQ

Several institutional investors have recently bought and sold shares of QQQ. Summit X LLC boosted its holdings in shares of Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund's stock valued at $2,451,000 after purchasing an additional 24 shares during the period. IMA Wealth Inc. boosted its holdings in shares of Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund's stock valued at $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC boosted its holdings in shares of Invesco QQQ by 1.5% in the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund's stock valued at $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC boosted its holdings in shares of Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund's stock valued at $2,296,000 after purchasing an additional 25 shares during the period. Finally, Cedrus LLC boosted its holdings in shares of Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund's stock valued at $596,000 after purchasing an additional 25 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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.