Invesco QQQ (NASDAQ:QQQ) Shares Down 0.1% – Here’s Why

Shares of Invesco QQQ (NASDAQ:QQQ) fell 0.1% during trading on Tuesday . The stock traded as low as $513.99 and last traded at $515.17. 6,632,833 shares traded hands during trading, a decline of 82% from the average session volume of 37,022,203 shares. The stock had previously closed at $515.61.

Invesco QQQ Stock Down 0.9 %

The stock has a 50 day moving average price of $511.04 and a two-hundred day moving average price of $489.02.

Invesco QQQ Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QQQ. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. BNP Paribas bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $62,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Finally, Providence Capital Advisors LLC bought a new position in shares of Invesco QQQ in the 2nd quarter worth $76,000. Institutional investors own 44.58% of the company’s stock.

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.