Invesco QQQ (NASDAQ:QQQ) Trading Down 0%

Invesco QQQ (NASDAQ:QQQ) dropped 0% on Tuesday . The company traded as low as $429.78 and last traded at $430.89. Approximately 13,748,921 shares were traded during mid-day 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 Price Performance

The business has a 50 day moving average price of $438.24 and a two-hundred day moving average price of $407.40.

Invesco QQQ Dividend Announcement

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 is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%.

Institutional Investors Weigh In On Invesco QQQ

A number of hedge funds have recently made changes to their positions in QQQ. Barclays PLC lifted its position in shares of 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 buying an additional 48,423,350 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after purchasing an additional 43,463,232 shares during the period. International Assets Investment Management LLC raised its position in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares during the period. Global Assets Advisory LLC purchased a new stake in Invesco QQQ during the first quarter valued at approximately $1,580,776,000. Finally, Morgan Stanley raised its position in Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 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.