Invesco QQQ (NASDAQ:QQQ) Shares Down 0.8% – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ) shares traded down 0.8% on Thursday . The company traded as low as $532.46 and last traded at $535.18. 8,327,361 shares changed hands during trading, a decline of 72% from the average session volume of 29,483,059 shares. The stock had previously closed at $539.52.

Invesco QQQ Stock Down 0.8 %

The company’s fifty day moving average is $523.26 and its two-hundred day moving average is $499.81.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco QQQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Michels Family Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $2,176,000. Westfuller Advisors LLC increased its stake in Invesco QQQ by 1.2% in the fourth quarter. Westfuller Advisors LLC now owns 5,124 shares of the exchange traded fund’s stock valued at $2,619,000 after purchasing an additional 59 shares in the last quarter. Peak Retirement Planning Inc. acquired a new stake in Invesco QQQ in the fourth quarter worth $6,761,000. Drucker Wealth 3.0 LLC boosted its position in shares of Invesco QQQ by 22.0% during the fourth quarter. Drucker Wealth 3.0 LLC now owns 650 shares of the exchange traded fund’s stock worth $333,000 after purchasing an additional 117 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $5,071,000. 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.