Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.6% – What’s Next?

Invesco QQQ (NASDAQ:QQQ) was down 0.6% on Friday . The company traded as low as $532.47 and last traded at $534.03. Approximately 9,197,055 shares changed hands during trading, a decline of 69% from the average daily volume of 29,416,529 shares. The stock had previously closed at $537.23.

Invesco QQQ Stock Performance

The stock has a 50 day moving average price of $523.39 and a two-hundred day moving average price of $501.12.

Invesco QQQ Dividend Announcement

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

Institutional Investors Weigh In On Invesco QQQ

Large investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp grew its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Hoese & Co LLP grew its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds 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.