Invesco QQQ (NASDAQ:QQQ - Get Free Report) shot up 0.9% during mid-day trading on Tuesday . The company traded as high as $519.55 and last traded at $518.77. 12,228,654 shares traded hands during trading, a decline of 63% from the average session volume of 33,021,445 shares. The stock had previously closed at $514.21.
Invesco QQQ Trading Down 0.1 %
The firm's 50-day moving average price is $519.55 and its 200 day moving average price is $494.13.
Invesco QQQ Announces Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Institutional Trading of Invesco QQQ
Several institutional investors and hedge funds have recently made changes to their positions in QQQ. PayPay Securities Corp lifted its position in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares during the last quarter. Finally, BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter valued at $62,000. Hedge funds and other institutional investors 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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