Invesco QQQ (NASDAQ:QQQ) Trading Up 0.4%

Invesco QQQ (NASDAQ:QQQ)’s share price was up 0.4% during mid-day trading on Thursday . The stock traded as high as $427.88 and last traded at $427.52. Approximately 14,788,212 shares were traded during trading, a decline of 67% from the average daily volume of 45,188,051 shares. The stock had previously closed at $425.84.

Invesco QQQ Stock Performance

The firm has a 50 day simple moving average of $438.24 and a 200-day simple moving average of $407.40.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 annualized dividend and a yield of 0.54%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ in the first quarter valued at $29,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $35,000. Red Tortoise LLC increased its stake in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $40,000. Finally, Friedenthal Financial acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $41,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Company Profile

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.