Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0%

Invesco QQQ (NASDAQ:QQQ) shares were up 0% during trading on Monday . The stock traded as high as $418.33 and last traded at $414.79. Approximately 17,467,514 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 45,628,164 shares. The stock had previously closed at $414.65.

Invesco QQQ Stock Up 1.5 %

The company’s 50 day simple moving average is $437.20 and its two-hundred day simple moving average is $409.44.

Invesco QQQ Dividend Announcement

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

Hedge Funds Weigh In On Invesco QQQ

A number of hedge funds have recently bought and sold shares of QQQ. International Assets Investment Management LLC grew its stake in Invesco QQQ by 40,957.3% during the 4th 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 acquiring an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after buying an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Invesco QQQ during the 1st quarter worth $1,580,776,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after acquiring an additional 162,691 shares during the last quarter. 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.