Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.1%

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Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price was down 0.1% during mid-day trading on Tuesday . The company traded as low as $452.84 and last traded at $454.59. Approximately 7,383,037 shares traded hands during trading, a decline of 83% from the average daily volume of 43,743,430 shares. The stock had previously closed at $454.91.

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Invesco QQQ Price Performance

The firm's fifty day moving average is $438.17 and its 200-day moving average is $420.60.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.50%.

Institutional Trading of Invesco QQQ

Several hedge funds have recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the 1st quarter worth approximately $28,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ during the 1st quarter worth $29,000. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock worth $32,000 after purchasing an additional 64 shares during the period. Voisard Asset Management Group Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Finally, Red Tortoise LLC lifted its stake in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock valued at $39,000 after purchasing an additional 74 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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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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