Invesco QQQ (NASDAQ:QQQ) Trading Up 0.2% - Here's What Happened

Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) rose 0.2% on Wednesday . The stock traded as high as $473.27 and last traded at $473.41. Approximately 10,239,114 shares changed hands during trading, a decline of 71% from the average daily volume of 35,056,552 shares. The stock had previously closed at $472.70.

Invesco QQQ Trading Up 0.4 %

The stock's 50-day moving average price is $499.65 and its 200-day moving average price is $504.39. The company has a market capitalization of $269.58 billion, a P/E ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

Institutional Trading of Invesco QQQ

A number of institutional investors and hedge funds have recently made changes to their positions in QQQ. Rothschild Investment LLC grew its stake in Invesco QQQ by 1.0% during the 1st quarter. Rothschild Investment LLC now owns 5,768 shares of the exchange traded fund's stock worth $2,705,000 after buying an additional 59 shares during the last quarter. Private Client Services LLC boosted its holdings in shares of Invesco QQQ by 11.9% during the first quarter. Private Client Services LLC now owns 8,342 shares of the exchange traded fund's stock valued at $3,912,000 after acquiring an additional 890 shares during the period. Parallel Advisors LLC grew its position in shares of Invesco QQQ by 1.8% during the first quarter. Parallel Advisors LLC now owns 46,926 shares of the exchange traded fund's stock worth $22,004,000 after acquiring an additional 836 shares during the last quarter. Silvia Mccoll Wealth Management LLC increased its holdings in shares of Invesco QQQ by 32.2% in the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 2,804 shares of the exchange traded fund's stock worth $1,315,000 after acquiring an additional 683 shares during the period. Finally, GoalVest Advisory LLC lifted its position in Invesco QQQ by 202.3% in the 1st quarter. GoalVest Advisory LLC now owns 1,040 shares of the exchange traded fund's stock valued at $487,000 after purchasing an additional 696 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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.