Invesco QQQ (NASDAQ:QQQ) Shares Down 0.4%

Invesco QQQ (NASDAQ:QQQ) traded down 0.4% on Wednesday . The company traded as low as $428.46 and last traded at $429.28. 12,344,844 shares traded hands during trading, a decline of 73% from the average session volume of 44,978,902 shares. The stock had previously closed at $431.10.

Invesco QQQ Trading Down 1.0 %

The stock has a 50-day simple moving average of $438.36 and a two-hundred day simple moving average of $407.27.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, March 18th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ in the 1st quarter worth $29,000. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ during the 4th quarter worth $35,000. Red Tortoise LLC grew its stake in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the last quarter. Robinson Capital Management LLC purchased a new position in Invesco QQQ during the 4th quarter worth $40,000. Finally, Friedenthal Financial purchased a new position in Invesco QQQ during the 4th quarter worth $41,000. 44.58% of the stock is owned by institutional investors.

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.