Invesco QQQ (NASDAQ:QQQ) Stock Price Down 1%

Invesco QQQ (NASDAQ:QQQ)’s share price fell 1% during trading on Thursday . The company traded as low as $497.35 and last traded at $497.92. 12,483,564 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 39,989,953 shares. The stock had previously closed at $502.96.

Invesco QQQ Price Performance

The company has a 50-day simple moving average of $465.66 and a two-hundred day simple moving average of $441.41.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be issued a $0.7615 dividend. The ex-dividend date is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.62%.

Institutional Trading of Invesco QQQ

Several large investors have recently bought and sold shares of QQQ. Atwater Malick LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $293,000. Bank Hapoalim BM raised its stake in Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after buying an additional 4,549 shares during the last quarter. Aviance Capital Partners LLC increased its holdings in shares of Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after acquiring an additional 1,033 shares in the last quarter. GenWealth Group Inc. raised its position in shares of Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Invesco QQQ by 1.7% in the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after purchasing an additional 11,013 shares in the last quarter. 44.58% of the stock is 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.