Invesco QQQ (NASDAQ:QQQ) Trading 0.1% Higher

Invesco QQQ (NASDAQ:QQQGet Free Report)’s stock price rose 0.1% during mid-day trading on Thursday . The stock traded as high as $464.54 and last traded at $463.92. Approximately 7,419,060 shares traded hands during trading, a decline of 83% from the average daily volume of 42,560,199 shares. The stock had previously closed at $463.53.

Invesco QQQ Trading Down 0.1 %

The company has a 50-day moving average of $442.06 and a 200-day moving average of $427.03.

Invesco QQQ Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the first quarter worth $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ in the first quarter worth $29,000. Legacy Bridge LLC boosted its position in Invesco QQQ by 800.0% in the first 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 last quarter. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the fourth quarter worth $35,000. Finally, Red Tortoise LLC boosted its position in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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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