Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.5%

Shares of Invesco QQQ (NASDAQ:QQQ) rose 0.5% during trading on Monday . The stock traded as high as $438.32 and last traded at $437.84. Approximately 9,055,555 shares changed hands during trading, a decline of 80% from the average daily volume of 45,471,066 shares. The stock had previously closed at $435.48.

Invesco QQQ Stock Down 0.1 %

The stock has a fifty day moving average of $436.66 and a 200-day moving average of $414.00.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ during the first quarter worth $29,000. Legacy Bridge LLC lifted its stake in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $35,000. Red Tortoise LLC raised its stake in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares during the period. Finally, Friedenthal Financial acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $41,000. 44.58% of the stock is 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.