Invesco QQQ (NASDAQ:QQQ) Shares Down 0.4% - Time to Sell?

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price traded down 0.4% on Friday . The stock traded as low as $483.57 and last traded at $486.44. 16,712,921 shares changed hands during mid-day 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 Performance

The stock has a market capitalization of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11. The company's fifty day simple moving average is $518.84 and its two-hundred day simple moving average is $503.99.

Invesco QQQ Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Proficio Capital Partners LLC boosted its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares in the last quarter. NWI Management LP boosted its position in shares of Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares in the last quarter. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $679,936,000. Finally, Artemis Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Remove Ads

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.