Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price was up 0.3% during trading on Thursday . The company traded as high as $521.76 and last traded at $517.81. Approximately 15,212,555 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 37,116,473 shares. The stock had previously closed at $516.47.
Invesco QQQ Stock Down 0.4 %
The business's fifty day moving average price is $506.30 and its two-hundred day moving average price is $485.58.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%.
Institutional Trading of Invesco QQQ
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QQQ. International Assets Investment Management LLC lifted its position in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund's stock valued at $2,379,676,000 after buying an additional 338,494 shares during the period. Toronto Dominion Bank grew its stake in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco QQQ by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund's stock worth $1,532,904,000 after acquiring an additional 33,790 shares during the period. Finally, Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund's stock valued at $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
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.
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