Invesco QQQ (NASDAQ:QQQ) Shares Down 0.4%

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price dropped 0.4% on Tuesday . The stock traded as low as $430.70 and last traded at $431.08. Approximately 7,769,193 shares were traded during trading, a decline of 83% from the average daily volume of 45,472,480 shares. The stock had previously closed at $432.75.

Invesco QQQ Trading Down 1.9 %

The company has a fifty day moving average of $436.86 and a two-hundred day moving average of $411.54.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid 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 0.54%.

Institutional Trading of Invesco QQQ

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new position in shares of Invesco QQQ during the third quarter valued at $173,000. FAS Wealth Partners Inc. purchased a new position in shares of Invesco QQQ during the third quarter valued at $1,339,000. Home Federal Bank of Tennessee increased its stake in shares of Invesco QQQ by 9.8% during the third quarter. Home Federal Bank of Tennessee now owns 4,622 shares of the exchange traded fund's stock valued at $1,656,000 after buying an additional 414 shares during the period. RMR Wealth Builders increased its stake in shares of Invesco QQQ by 0.8% during the third quarter. RMR Wealth Builders now owns 16,671 shares of the exchange traded fund's stock valued at $5,973,000 after buying an additional 125 shares during the period. Finally, Suncoast Equity Management bought a new stake in Invesco QQQ during the third quarter valued at about $238,000. Hedge funds and other institutional investors 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.