Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.3% - What's Next?

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

Invesco QQQ Price Performance

The company's 50 day moving average price is $514.89 and its two-hundred day moving average price is $503.85. The stock has a market capitalization of $302.59 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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

Institutional Investors Weigh In On Invesco QQQ

A number of institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC increased its position in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after purchasing an additional 27,115 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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About Invesco QQQ

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.