Invesco QQQ (NASDAQ:QQQ) Trading 0.4% Higher

Invesco QQQ (NASDAQ:QQQ)’s share price rose 0.4% on Thursday . The stock traded as high as $425.76 and last traded at $423.21. Approximately 13,150,628 shares changed hands during trading, a decline of 71% from the average daily volume of 45,575,695 shares. The stock had previously closed at $421.52.

Invesco QQQ Trading Up 1.3 %

The firm has a 50-day simple moving average of $436.78 and a 200 day simple moving average of $411.61.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.54%.

Hedge Funds Weigh In On Invesco QQQ

Several institutional investors and hedge funds have recently modified their holdings of QQQ. 180 Wealth Advisors LLC boosted its stake in Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 29 shares during the last quarter. Bank Hapoalim BM boosted its position in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after buying an additional 4,549 shares during the last quarter. Ameriprise Financial Inc. raised its position 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 worth $1,530,696,000 after buying an additional 243,305 shares during the last quarter. VitalStone Financial LLC lifted its stake in Invesco QQQ by 302.0% during the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after acquiring an additional 16,079 shares during the period. Finally, Scarborough Advisors LLC boosted its holdings in shares of Invesco QQQ by 73.3% during the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after acquiring an additional 581 shares during the last quarter. 44.58% of the stock is currently owned by 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.