Invesco QQQ (NASDAQ:QQQ) Trading Down 0.2% – Here’s Why

Invesco QQQ (NASDAQ:QQQ) shares were down 0.2% during trading on Thursday . The company traded as low as $526.31 and last traded at $529.15. Approximately 6,406,130 shares changed hands during trading, a decline of 83% from the average daily volume of 37,115,957 shares. The stock had previously closed at $529.96.

Invesco QQQ Trading Up 0.2 %

The firm’s 50-day simple moving average is $509.31 and its 200 day simple moving average is $487.81.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.8347 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Investors Weigh In On Invesco QQQ

Several hedge funds have recently bought and sold shares of the company. Northeast Investment Management boosted its holdings in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares during the last quarter. Planning Capital Management Corp lifted its position in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares during the period. Skyline Advisors Inc. boosted its holdings in Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the last quarter. Madden Advisory Services Inc. grew its position in Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after purchasing an additional 21 shares during the period. Finally, Meridian Management Co. raised its stake in Invesco QQQ by 0.6% during the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock valued at $1,640,000 after buying an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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.