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

Invesco QQQ (NASDAQ:QQQ)’s share price was up 0.1% on Wednesday . The stock traded as high as $456.65 and last traded at $456.14. Approximately 5,276,340 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 43,512,566 shares. The stock had previously closed at $455.80.

Invesco QQQ Price Performance

The company’s 50-day simple moving average is $438.77 and its 200 day simple moving average is $421.07.

Invesco QQQ Dividend Announcement

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

Institutional Investors Weigh In On Invesco QQQ

Several institutional investors have recently modified their holdings of QQQ. Bank Hapoalim BM increased its stake in Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after purchasing an additional 4,549 shares during the period. Aviance Capital Partners LLC increased its stake in Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after acquiring an additional 1,033 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in 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 valued at $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. VitalStone Financial LLC boosted its stake in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after purchasing an additional 16,079 shares during the period. Finally, Scarborough Advisors LLC boosted its holdings in Invesco QQQ by 73.3% in the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after purchasing an additional 581 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Company Profile

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.