Invesco QQQ (NASDAQ:QQQ) Shares Down 0.4%

Invesco QQQ (NASDAQ:QQQ - Get Free Report) fell 0.4% during trading on Tuesday . The company traded as low as $480.17 and last traded at $480.91. 7,100,754 shares changed hands during trading, a decline of 82% from the average session volume of 40,035,816 shares. The stock had previously closed at $483.04.

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Invesco QQQ Stock Performance

The business has a 50-day moving average price of $467.59 and a 200 day moving average price of $459.22.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%.

Institutional Inflows and Outflows

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

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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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