Invesco QQQ (NASDAQ:QQQ) Trading 0.2% Higher

Shares of Invesco QQQ (NASDAQ:QQQ) rose 0.2% during mid-day trading on Thursday . The stock traded as high as $440.99 and last traded at $440.87. Approximately 8,184,435 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 44,908,953 shares. The stock had previously closed at $440.06.

Invesco QQQ Stock Performance

The firm has a fifty day moving average price of $436.76 and a two-hundred day moving average price of $414.18.

Invesco QQQ Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QQQ. International Assets Investment Management LLC lifted its stake in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $1,580,776,000. CHURCHILL MANAGEMENT Corp raised its position in shares of Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after purchasing an additional 433,317 shares during the last quarter. Comerica Bank acquired a new position in shares of Invesco QQQ during the 3rd quarter worth about $140,657,000. Finally, Granite Bay Wealth Management LLC raised its holdings in Invesco QQQ by 47.1% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after acquiring an additional 378,922 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

About Invesco QQQ

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.