Invesco QQQ (NASDAQ:QQQ) Shares Down 1.6% – What’s Next?

Invesco QQQ (NASDAQ:QQQ) shares were down 1.6% during mid-day trading on Tuesday . The company traded as low as $510.39 and last traded at $511.53. Approximately 18,136,970 shares were traded during trading, a decline of 40% from the average daily volume of 30,413,697 shares. The stock had previously closed at $519.87.

Invesco QQQ Trading Down 0.8 %

The business’s fifty day simple moving average is $523.02 and its 200-day simple moving average is $502.10.

Invesco QQQ Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PayPay Securities Corp grew its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ in the fourth quarter worth $37,000. Finally, Hoese & Co LLP raised its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. 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.