Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price traded down 2.9% during mid-day trading on Monday . The company traded as low as $510.53 and last traded at $514.37. 24,326,125 shares were traded during trading, a decline of 24% from the average session volume of 32,031,791 shares. The stock had previously closed at $529.63.
Invesco QQQ Trading Down 3.0 %
The company's 50 day moving average price is $517.86 and its 200 day moving average price is $493.21.
Invesco QQQ Announces Dividend
The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.
Institutional Investors Weigh In On Invesco QQQ
A number of institutional investors and hedge funds have recently modified their holdings of QQQ. AQR Capital Management LLC grew its holdings in Invesco QQQ by 332.0% during the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund's stock worth $5,769,000 after acquiring an additional 9,254 shares during the period. The Manufacturers Life Insurance Company boosted its position in Invesco QQQ by 28.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund's stock worth $33,772,000 after purchasing an additional 15,648 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $209,000. Full Sail Capital LLC increased its holdings in shares of Invesco QQQ by 3.5% during the 2nd quarter. Full Sail Capital LLC now owns 1,327 shares of the exchange traded fund's stock valued at $636,000 after purchasing an additional 45 shares in the last quarter. Finally, Aviso Wealth Management purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $264,000. Institutional investors and hedge funds 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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