Invesco QQQ (NASDAQ:QQQ) Shares Up 0.3% - Here's Why

Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $477.08 and last traded at $473.92. 21,065,494 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 34,962,935 shares. The stock had previously closed at $472.73.

Invesco QQQ Trading Up 2.0 %

The business's fifty day simple moving average is $515.67 and its 200 day simple moving average is $503.63. The stock has a market cap of $301.19 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco QQQ

A number of institutional investors and hedge funds have recently modified their holdings of QQQ. Silver Oak Wealth Advisors Services LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $1,054,000. Northstar Financial Companies Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth $303,000. Wealthedge Investment Advisors LLC bought a new position in Invesco QQQ during the fourth quarter worth about $2,175,000. Lighthouse Financial LLC acquired a new position in Invesco QQQ in the fourth quarter valued at about $9,647,000. Finally, Alpha Wealth Funds LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $219,000. 44.58% of the stock is 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.