Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0% – Time to Buy?

Invesco QQQ (NASDAQ:QQQ) traded up 0% during mid-day trading on Thursday . The company traded as high as $519.06 and last traded at $516.84. 7,899,530 shares changed hands during trading, a decline of 75% from the average session volume of 31,717,213 shares. The stock had previously closed at $516.70.

Invesco QQQ Trading Down 0.0 %

The company has a 50-day moving average price of $515.57 and a 200-day moving average price of $491.47.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco QQQ

Several institutional investors have recently modified their holdings of QQQ. Bradley Foster & Sargent Inc. CT increased its position in Invesco QQQ by 4.4% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 17,390 shares of the exchange traded fund’s stock worth $8,332,000 after buying an additional 728 shares during the period. Wealth Alliance increased its holdings in shares of Invesco QQQ by 2.8% in the 2nd quarter. Wealth Alliance now owns 1,324 shares of the exchange traded fund’s stock valued at $634,000 after acquiring an additional 36 shares during the period. Purus Wealth Management LLC boosted its stake in Invesco QQQ by 9.6% during the 2nd quarter. Purus Wealth Management LLC now owns 8,575 shares of the exchange traded fund’s stock worth $4,108,000 after purchasing an additional 748 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Invesco QQQ by 9.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock worth $714,000 after purchasing an additional 125 shares during the period. Finally, Blair William & Co. IL grew its position in Invesco QQQ by 6.3% during the 2nd quarter. Blair William & Co. IL now owns 225,762 shares of the exchange traded fund’s stock worth $108,165,000 after purchasing an additional 13,465 shares during the last quarter. Hedge funds and other 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.