Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.4% - Still a Buy?

Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price traded up 0.4% on Tuesday . The company traded as high as $462.38 and last traded at $459.43. 12,366,107 shares traded hands during trading, a decline of 66% from the average session volume of 36,727,433 shares. The stock had previously closed at $457.48.

Invesco QQQ Price Performance

The firm has a market capitalization of $284.56 billion, a PE ratio of 30.05 and a beta of 1.11. The firm has a 50-day simple moving average of $482.54 and a 200-day simple moving average of $501.06.

Invesco QQQ Cuts Dividend

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

Institutional Trading of Invesco QQQ

Several hedge funds and other institutional investors have recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. raised its stake in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after purchasing an additional 46 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in Invesco QQQ by 15.9% during the third quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund's stock valued at $9,868,000 after purchasing an additional 2,767 shares in the last quarter. Advisory Resource Group increased its stake in Invesco QQQ by 5.8% during the 3rd quarter. Advisory Resource Group now owns 14,457 shares of the exchange traded fund's stock worth $7,056,000 after buying an additional 791 shares in the last quarter. Tudor Financial Inc. acquired a new position in Invesco QQQ in the 3rd quarter valued at $3,376,000. Finally, Anchor Investment Management LLC boosted its position in Invesco QQQ by 1.6% during the third quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund's stock worth $20,933,000 after acquiring an additional 693 shares during the last quarter. Hedge funds and other institutional investors 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.