Invesco QQQ (NASDAQ:QQQ) Trading Down 0.1% – Should You Sell?

Invesco QQQ (NASDAQ:QQQ) was down 0.1% on Friday . The stock traded as low as $531.40 and last traded at $531.97. Approximately 5,649,524 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 31,671,387 shares. The stock had previously closed at $532.64.

Invesco QQQ Stock Down 0.4 %

The company’s fifty day moving average is $517.20 and its two-hundred day moving average is $493.09.

Invesco QQQ Dividend Announcement

The company also recently announced 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 was Monday, December 23rd.

Institutional Investors Weigh In On Invesco QQQ

Large investors have recently bought and sold shares of the company. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ during the third quarter worth $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ during the fourth quarter worth $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the last quarter. 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.