Invesco QQQ (NASDAQ:QQQ) Shares Down 0.2% – What’s Next?

Invesco QQQ (NASDAQ:QQQ)’s share price fell 0.2% during mid-day trading on Monday . The company traded as low as $478.96 and last traded at $478.74. 10,235,429 shares were traded during trading, a decline of 71% from the average session volume of 34,821,744 shares. The stock had previously closed at $479.66.

Invesco QQQ Stock Performance

The company’s fifty day moving average price is $514.89 and its 200-day moving average price is $504.08. The stock has a market cap of $305.15 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

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

Hedge Funds Weigh In On Invesco QQQ

A number of large investors have recently added to or reduced their stakes in the company. PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $36,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $37,000. Finally, Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors.

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.