Invesco QQQ (NASDAQ:QQQ) Trading Down 0.8%

Invesco QQQ (NASDAQ:QQQ) fell 0.8% during trading on Friday . The stock traded as low as $418.52 and last traded at $419.93. 19,251,619 shares were traded during trading, a decline of 57% from the average session volume of 45,213,980 shares. The stock had previously closed at $423.41.

Invesco QQQ Trading Down 1.8 %

The company has a 50-day moving average of $438.05 and a 200-day moving average of $407.51.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 annualized dividend and a yield of 0.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valeo Financial Advisors LLC lifted its position in shares of Invesco QQQ by 3.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 44,679 shares of the exchange traded fund’s stock valued at $19,838,000 after buying an additional 1,477 shares during the last quarter. Evolution Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 28.7% during the 1st quarter. Evolution Wealth Advisors LLC now owns 31,858 shares of the exchange traded fund’s stock valued at $14,145,000 after purchasing an additional 7,112 shares during the period. WFA Asset Management Corp raised its stake in shares of Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 1,894 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Invesco QQQ by 14.6% during the 1st quarter. Sivia Capital Partners LLC now owns 611 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 78 shares during the period. Finally, Monument Capital Management raised its stake in shares of Invesco QQQ by 104.2% during the 1st quarter. Monument Capital Management now owns 26,366 shares of the exchange traded fund’s stock valued at $11,707,000 after purchasing an additional 13,455 shares during the period. 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.