Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0%

Invesco QQQ (NASDAQ:QQQ) shares dropped 0% on Tuesday . The company traded as low as $429.78 and last traded at $430.89. Approximately 13,748,921 shares were traded during trading, a decline of 69% from the average daily volume of 44,978,117 shares. The stock had previously closed at $431.06.

Invesco QQQ Trading Up 0.5 %

The stock’s fifty day moving average is $438.29 and its two-hundred day moving average is $406.76.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, March 18th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC lifted its position in shares of Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after buying an additional 43,463,232 shares during the last quarter. International Assets Investment Management LLC lifted its position in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares during the last quarter. Morgan Stanley lifted its position in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. Barclays PLC lifted its position in Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after purchasing an additional 48,423,350 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after purchasing an additional 52,019 shares during the last quarter. 44.58% of the stock is 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.