Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded up 0% on Thursday . The stock traded as high as $516.92 and last traded at $515.27. 30,632,567 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 33,773,738 shares. The stock had previously closed at $515.18.
Invesco QQQ Trading Up 0.0 %
The company has a 50 day moving average price of $514.52 and a 200 day moving average price of $490.73.
Invesco QQQ Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.
Hedge Funds Weigh In On Invesco QQQ
Institutional investors have recently modified their holdings of the company. Lantz Financial LLC purchased a new position in shares of Invesco QQQ during the 2nd quarter worth about $214,000. Principal Financial Group Inc. lifted its position in Invesco QQQ by 4.7% during the second quarter. Principal Financial Group Inc. now owns 8,048 shares of the exchange traded fund's stock valued at $3,856,000 after buying an additional 363 shares in the last quarter. MGO One Seven LLC grew its stake in Invesco QQQ by 27.4% during the second quarter. MGO One Seven LLC now owns 32,876 shares of the exchange traded fund's stock worth $15,751,000 after buying an additional 7,076 shares during the period. Morling Financial Advisors LLC acquired a new stake in shares of Invesco QQQ in the second quarter worth $207,000. Finally, Brasada Capital Management LP raised its stake in shares of Invesco QQQ by 130.2% in the 2nd quarter. Brasada Capital Management LP now owns 1,159 shares of the exchange traded fund's stock valued at $570,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Company Profile
(
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.
Further Reading
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