Invesco QQQ (NASDAQ:QQQ) Stock Price Up 1.7% – Time to Buy?

Invesco QQQ (NASDAQ:QQQ)’s share price was up 1.7% on Friday . The stock traded as high as $524.07 and last traded at $521.59. Approximately 19,224,888 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 31,989,871 shares. The stock had previously closed at $513.08.

Invesco QQQ Trading Up 1.7 %

The company’s 50-day moving average price is $515.94 and its 200-day moving average price is $492.08.

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 issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco QQQ

A number of institutional investors have recently modified their holdings of QQQ. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Invesco QQQ by 9.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after purchasing an additional 125 shares during the last quarter. Benjamin Edwards Inc. increased its stake in Invesco QQQ by 10.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 740 shares of the exchange traded fund’s stock valued at $355,000 after buying an additional 69 shares during the last quarter. Bridges Investment Management Inc. bought a new stake in Invesco QQQ during the 2nd quarter worth about $388,000. King Luther Capital Management Corp lifted its position in Invesco QQQ by 2.1% during the 2nd quarter. King Luther Capital Management Corp now owns 8,372 shares of the exchange traded fund’s stock worth $4,011,000 after buying an additional 172 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its stake in shares of Invesco QQQ by 11.5% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 27,409 shares of the exchange traded fund’s stock worth $13,171,000 after buying an additional 2,817 shares during the last quarter. 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.