Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.4% - What's Next?

Invesco QQQ (NASDAQ:QQQ - Get Free Report) shares fell 0.4% on Friday . The stock traded as low as $483.57 and last traded at $486.44. 16,712,921 shares traded hands during trading, a decline of 52% from the average session volume of 34,886,826 shares. The stock had previously closed at $488.20.

Invesco QQQ Stock Down 3.9 %

The stock has a market cap of $297.94 billion, a P/E ratio of 33.43 and a beta of 1.11. The firm's 50-day moving average is $517.98 and its two-hundred day moving average is $504.13.

Invesco QQQ Dividend Announcement

The company 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 of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco QQQ

A number of institutional investors have recently bought and sold shares of the business. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $37,000. Finally, Hoese & Co LLP grew its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

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.