Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0%

Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded up 0% on Monday . The company traded as high as $496.96 and last traded at $496.20. 5,120,123 shares were traded during trading, a decline of 87% from the average session volume of 40,274,828 shares. The stock had previously closed at $496.16.

Invesco QQQ Stock Performance

The company has a 50 day simple moving average of $462.57 and a 200-day simple moving average of $440.35.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. This is a boost from Invesco QQQ's previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Monday, June 24th.

Hedge Funds Weigh In On Invesco QQQ

Large investors have recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ in the first quarter worth $28,000. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ during the first quarter valued at about $29,000. Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $35,000. Finally, Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ in the first quarter worth about $40,000. 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.