Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.1% – Time to Buy?

Shares of Invesco QQQ (NASDAQ:QQQ) rose 0.1% during mid-day trading on Tuesday . The company traded as high as $510.16 and last traded at $506.07. Approximately 10,129,285 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 31,230,201 shares. The stock had previously closed at $505.56.

Invesco QQQ Price Performance

The firm has a fifty day moving average of $515.32 and a 200 day moving average of $491.29.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco QQQ

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Granite Bay Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares during the period. Toronto Dominion Bank boosted its stake in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco QQQ by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after acquiring an additional 338,494 shares during the period. Finally, Main Management ETF Advisors LLC raised its position in Invesco QQQ by 33.5% in the third quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock worth $357,228,000 after acquiring an additional 183,550 shares in the last quarter. 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.