Invesco QQQ (NASDAQ:QQQ) Shares Up 0.2%

Invesco QQQ (NASDAQ:QQQ) traded up 0.2% during trading on Tuesday . The stock traded as high as $447.23 and last traded at $445.74. 9,312,051 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 44,752,434 shares. The stock had previously closed at $444.76.

Invesco QQQ Stock Up 0.3 %

The firm’s 50 day moving average is $433.08 and its two-hundred day moving average is $399.34.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC boosted its position in shares of Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the period. Morgan Stanley raised its position in shares of Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after buying an additional 1,533,114 shares in the last quarter. Barclays PLC boosted its stake in shares of Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after buying an additional 48,423,350 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Invesco QQQ by 1.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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.