Invesco QQQ (NASDAQ:QQQ) Shares Up 0.2%

Invesco QQQ (NASDAQ:QQQ)’s share price was up 0.2% during mid-day trading on Thursday . The company traded as high as $460.58 and last traded at $456.41. Approximately 15,618,790 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 43,420,555 shares. The stock had previously closed at $455.71.

Invesco QQQ Price Performance

The firm has a 50-day moving average of $439.25 and a 200-day moving average of $421.69.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.50%.

Hedge Funds Weigh In On Invesco QQQ

A number of institutional investors and hedge funds have recently modified their holdings of QQQ. Bank Hapoalim BM increased its stake in shares of Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after purchasing an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC increased its position in Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after buying an additional 1,033 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after buying an additional 243,305 shares during the period. VitalStone Financial LLC lifted its position in shares of Invesco QQQ by 302.0% during the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after buying an additional 16,079 shares in the last quarter. Finally, Scarborough Advisors LLC grew its stake in shares of Invesco QQQ by 73.3% during the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after acquiring an additional 581 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco QQQ

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.