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

Invesco QQQ (NASDAQ:QQQ) shares traded up 0.2% during mid-day trading on Tuesday . The company traded as high as $524.69 and last traded at $522.98. 9,043,764 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 33,029,555 shares. The stock had previously closed at $521.74.

Invesco QQQ Price Performance

The company has a fifty day simple moving average of $516.72 and a two-hundred day simple moving average of $492.81.

Invesco QQQ Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Hoese & Co LLP increased its position in 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 last quarter. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at about $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake 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 buying an additional 63 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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.