Invesco QQQ (NASDAQ:QQQ - Get Free Report) shares dropped 0.7% on Monday . The company traded as low as $520.19 and last traded at $522.23. Approximately 15,009,571 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 30,055,754 shares. The stock had previously closed at $526.08.
Invesco QQQ Stock Performance
The company's 50-day moving average price is $522.57 and its 200-day moving average price is $502.54. The firm has a market capitalization of $327.29 billion, a PE ratio of 33.43 and a beta of 1.09.
Invesco QQQ Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in QQQ. GAMMA Investing LLC raised its holdings in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after buying an additional 11,351 shares during the last quarter. Socha Financial Group LLC grew its position in shares of Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock valued at $44,732,000 after buying an additional 2,171 shares during the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ during the 4th quarter worth $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its position in Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock valued at $15,169,000 after acquiring an additional 3,581 shares during the last quarter. 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.
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