Invesco QQQ (NASDAQ:QQQ - Get Free Report) fell 0.4% during mid-day trading on Thursday . The company traded as low as $528.45 and last traded at $529.56. 6,236,474 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 32,318,842 shares. The stock had previously closed at $531.51.
Invesco QQQ Stock Down 0.6 %
The firm has a 50 day moving average of $517.86 and a 200-day moving average of $493.31.
Invesco QQQ Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Institutional Investors Weigh In On Invesco QQQ
A number of institutional investors have recently added to or reduced their stakes in QQQ. GAMMA Investing LLC grew its position in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after buying an additional 11,351 shares during the period. Socha Financial Group LLC grew its holdings in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock valued at $44,732,000 after buying an additional 2,171 shares during the last quarter. NRI Wealth Management LC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its stake in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after purchasing an additional 3,581 shares during the last quarter. Institutional investors 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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