Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.5%

Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded down 0.5% during mid-day trading on Wednesday . The company traded as low as $459.38 and last traded at $460.39. 10,727,777 shares traded hands during trading, a decline of 74% from the average session volume of 40,912,754 shares. The stock had previously closed at $462.58.

Invesco QQQ Stock Up 0.0 %

The firm's 50 day simple moving average is $473.92 and its two-hundred day simple moving average is $450.94.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a $0.7615 dividend. This is a boost from Invesco QQQ's previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.66%.

Institutional Investors Weigh In On Invesco QQQ

Several hedge funds and other institutional investors have recently made changes to their positions in QQQ. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $28,000. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $29,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $30,000. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. 44.58% of the stock is owned by institutional investors.

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.