Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.1% – Time to Buy?

Invesco QQQ (NASDAQ:QQQ) shot up 0.1% during mid-day trading on Tuesday . The stock traded as high as $510.16 and last traded at $506.07. 10,129,285 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 31,230,201 shares. The stock had previously closed at $505.56.

Invesco QQQ Trading Down 0.7 %

The business’s 50-day moving average is $515.79 and its two-hundred day moving average is $491.65.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco QQQ

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after acquiring an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its stake in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Socha Financial Group LLC grew its holdings in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC purchased a new stake in Invesco QQQ in the fourth quarter worth $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its stake in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after buying an additional 3,581 shares during the period. 44.58% of the stock is owned by hedge funds and other 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.