Invesco QQQ Trust (NASDAQ:QQQ) Trading Up 1.2%

Invesco QQQ Trust (NASDAQ:QQQ) shares rose 1.2% during trading on Tuesday . The company traded as high as $424.89 and last traded at $424.05. Approximately 14,350,170 shares were traded during trading, a decline of 69% from the average daily volume of 45,600,734 shares. The stock had previously closed at $418.82.

Invesco QQQ Trust Price Performance

The firm’s fifty day moving average price is $437.07 and its 200-day moving average price is $409.56.

Invesco QQQ Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

Hedge Funds Weigh In On Invesco QQQ Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Invesco QQQ Trust 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 acquiring an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Invesco QQQ Trust 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 acquiring an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Invesco QQQ Trust by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Invesco QQQ Trust in the 1st quarter valued at $1,580,776,000. Finally, Commonwealth Equity Services LLC lifted its position in Invesco QQQ Trust by 7.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after acquiring an additional 162,691 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

About Invesco QQQ Trust

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.