Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded down 4.9% during trading on Thursday . The stock traded as low as $452.47 and last traded at $452.67. 25,583,243 shares traded hands during trading, a decline of 27% from the average session volume of 35,149,183 shares. The stock had previously closed at $476.15.
Invesco QQQ Trading Up 7.7 %
The firm's fifty day moving average price is $495.43 and its 200 day moving average price is $503.31. The firm has a market capitalization of $284.09 billion, a PE ratio of 30.05 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.
Institutional Investors Weigh In On Invesco QQQ
Several institutional investors and hedge funds have recently made changes to their positions in the company. NBC Securities Inc. increased its stake in shares of Invesco QQQ by 105,775.0% in the 1st quarter. NBC Securities Inc. now owns 8,470 shares of the exchange traded fund's stock valued at $3,972,000 after acquiring an additional 8,462 shares during the last quarter. Worth Asset Management LLC boosted its position in Invesco QQQ by 41.8% during the first quarter. Worth Asset Management LLC now owns 3,292 shares of the exchange traded fund's stock valued at $1,544,000 after purchasing an additional 970 shares during the last quarter. Baker Tilly Wealth Management LLC grew its stake in shares of Invesco QQQ by 1.7% in the first quarter. Baker Tilly Wealth Management LLC now owns 13,187 shares of the exchange traded fund's stock valued at $6,183,000 after buying an additional 220 shares in the last quarter. Advance Capital Management Inc. lifted its position in shares of Invesco QQQ by 14.8% in the first quarter. Advance Capital Management Inc. now owns 8,398 shares of the exchange traded fund's stock valued at $3,938,000 after buying an additional 1,085 shares during the last quarter. Finally, Sanders Morris Harris LLC grew its stake in Invesco QQQ by 9.8% in the 1st quarter. Sanders Morris Harris LLC now owns 254,526 shares of the exchange traded fund's stock valued at $119,467,000 after buying an additional 22,798 shares during the last quarter. 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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