Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0%

Invesco QQQ (NASDAQ:QQQ)’s stock price dropped 0% during trading on Thursday . The company traded as low as $443.76 and last traded at $444.74. Approximately 8,993,148 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 44,506,395 shares. The stock had previously closed at $444.83.

Invesco QQQ Stock Down 0.2 %

The stock’s fifty day moving average price is $433.84 and its 200 day moving average price is $399.66.

Invesco QQQ Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. 180 Wealth Advisors LLC grew its position in shares of Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after buying an additional 29 shares in the last quarter. Goodwin Daniel L lifted its stake in Invesco QQQ by 76.1% in the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after buying an additional 2,495 shares during the last quarter. Ameriprise Financial Inc. lifted 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 buying an additional 243,305 shares during the last quarter. Scarborough Advisors LLC raised its stake in shares of Invesco QQQ by 73.3% during the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock worth $492,000 after purchasing an additional 581 shares during the last quarter. Finally, VitalStone Financial LLC raised its stake in shares of Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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.