Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.2%

Invesco QQQ (NASDAQ:QQQ) shot up 0.2% during mid-day trading on Wednesday . The company traded as high as $441.04 and last traded at $441.01. 7,079,765 shares traded hands during trading, a decline of 84% from the average session volume of 45,119,887 shares. The stock had previously closed at $440.32.

Invesco QQQ Stock Down 0.1 %

The business’s 50 day moving average price is $436.66 and its 200 day moving average price is $414.00.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 18th.

Hedge Funds Weigh In On Invesco QQQ

A number of institutional investors have recently bought and sold shares of QQQ. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $29,000. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. Red Tortoise LLC increased its stake in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the last quarter. Finally, Robinson Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $40,000. 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.