Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded down 0.3% on Wednesday . The company traded as low as $519.02 and last traded at $520.09. 6,290,423 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 32,770,086 shares. The stock had previously closed at $521.81.
Invesco QQQ Stock Performance
The company has a 50-day moving average of $519.55 and a 200-day moving average of $494.13.
Invesco QQQ Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.
Institutional Investors Weigh In On Invesco QQQ
A number of institutional investors have recently modified their holdings of QQQ. Joel Adams & Associates Inc. acquired a new stake in Invesco QQQ in the fourth quarter worth $537,000. Global Retirement Partners LLC lifted its position in Invesco QQQ by 12.1% in the 4th quarter. Global Retirement Partners LLC now owns 147,108 shares of the exchange traded fund's stock valued at $75,206,000 after purchasing an additional 15,922 shares during the last quarter. Destiny Capital Corp CO boosted its stake in Invesco QQQ by 2.7% during the 4th quarter. Destiny Capital Corp CO now owns 16,539 shares of the exchange traded fund's stock valued at $8,455,000 after purchasing an additional 431 shares during the period. 3EDGE Asset Management LP increased its stake in shares of Invesco QQQ by 38.5% in the fourth quarter. 3EDGE Asset Management LP now owns 1,839 shares of the exchange traded fund's stock valued at $940,000 after purchasing an additional 511 shares during the period. Finally, Atlas Legacy Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $906,000. 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.
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