Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.7% – Should You Sell?

Invesco QQQ (NASDAQ:QQQ) shares fell 0.7% during trading on Monday . The company traded as low as $520.19 and last traded at $522.23. 15,009,571 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 30,055,754 shares. The stock had previously closed at $526.08.

Invesco QQQ Trading Down 0.6 %

The firm’s fifty day simple moving average is $523.39 and its two-hundred day simple moving average is $501.59.

Invesco QQQ Announces Dividend

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

Institutional Trading of Invesco QQQ

Several institutional investors and hedge funds have recently made changes to their positions in QQQ. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. NWI Management LP boosted its stake in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after buying an additional 3,648,000 shares during the last quarter. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $679,936,000. Finally, Artemis Wealth Advisors LLC grew its position in Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after buying an additional 895,277 shares during the period. 44.58% of the stock is currently owned by institutional investors.

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.