Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.1%

Invesco QQQ (NASDAQ:QQQGet Free Report) shares fell 0.1% on Thursday . The company traded as low as $483.37 and last traded at $484.59. 7,139,332 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 41,314,375 shares. The stock had previously closed at $485.21.

Invesco QQQ Price Performance

The stock’s 50 day simple moving average is $449.49 and its two-hundred day simple moving average is $433.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank Hapoalim BM boosted its stake in Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after acquiring an additional 4,549 shares during the last quarter. Aviance Capital Partners LLC boosted its stake 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 valued at $1,848,000 after acquiring an additional 1,033 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in 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 valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. VitalStone Financial LLC lifted its stake 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 lifted 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 buying an additional 581 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.