Invesco QQQ (NASDAQ:QQQ) Trading Down 0%

Invesco QQQ (NASDAQ:QQQ)’s stock price was down 0% on Tuesday . The stock traded as low as $480.87 and last traded at $482.16. Approximately 6,480,004 shares changed hands during trading, a decline of 84% from the average daily volume of 40,034,336 shares. The stock had previously closed at $482.32.

Invesco QQQ Trading Down 1.1 %

The business’s 50-day moving average is $474.34 and its two-hundred day moving average is $446.92.

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 paid a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

Institutional Investors Weigh In On Invesco QQQ

A number of large investors have recently modified their holdings of QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ during the 1st quarter valued at $29,000. Legacy Bridge LLC grew its holdings in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth $35,000. Finally, Chelsea Counsel Co. acquired a new position in Invesco QQQ in the 1st quarter worth $40,000. 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.