Invesco QQQ (NASDAQ:QQQ) Shares Up 0.2%

Invesco QQQ (NASDAQ:QQQ) shares shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $483.15 and last traded at $482.97. 5,727,050 shares were traded during trading, a decline of 86% from the average session volume of 40,656,949 shares. The stock had previously closed at $481.92.

Invesco QQQ Trading Up 0.2 %

The company’s fifty day moving average price is $454.85 and its 200-day moving average price is $436.77.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a $0.7615 dividend. This represents a $3.05 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

Hedge Funds Weigh In On Invesco QQQ

Hedge funds and other institutional investors have recently bought and sold shares of the business. Transcend Capital Advisors LLC boosted its position in Invesco QQQ by 0.5% in the 2nd quarter. Transcend Capital Advisors LLC now owns 37,398 shares of the exchange traded fund’s stock worth $17,918,000 after purchasing an additional 173 shares in the last quarter. Capital Market Strategies LLC boosted its position in Invesco QQQ by 1.3% in the 2nd quarter. Capital Market Strategies LLC now owns 4,443 shares of the exchange traded fund’s stock worth $2,129,000 after purchasing an additional 59 shares in the last quarter. Moller Wealth Partners purchased a new stake in Invesco QQQ in the 2nd quarter worth approximately $219,000. Bright Futures Wealth Management LLC. purchased a new stake in Invesco QQQ in the 1st quarter worth approximately $430,000. Finally, Abich Financial Wealth Management LLC lifted its position in shares of Invesco QQQ by 41.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 36,787 shares of the exchange traded fund’s stock valued at $16,334,000 after buying an additional 10,862 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.