Invesco QQQ (NASDAQ:QQQ) Trading Up 1.3% – Here’s What Happened

Shares of Invesco QQQ (NASDAQ:QQQGet Free Report) were up 1.3% during trading on Monday . The stock traded as high as $609.27 and last traded at $607.76. Approximately 91,676,322 shares changed hands during mid-day trading, an increase of 43% from the average daily volume of 64,307,742 shares. The stock had previously closed at $599.75.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Down 0.0%

The stock’s fifty day simple moving average is $614.12 and its 200-day simple moving average is $608.35.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Investors Weigh In On Invesco QQQ

A number of large investors have recently added to or reduced their stakes in the stock. Larry Mathis Financial Planning LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $4,195,000. Green Ridge Wealth Planning LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth $22,447,000. Downshift Financial LLC acquired a new position in Invesco QQQ in the fourth quarter valued at about $343,000. Advisortrust Partners LLC acquired a new position in Invesco QQQ in the fourth quarter valued at about $16,737,000. Finally, Corient Private Wealth LLC lifted its position in Invesco QQQ by 3,567.7% during the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

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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