Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.1%

Invesco QQQ (NASDAQ:QQQ)’s share price rose 0.1% during trading on Wednesday . The company traded as high as $456.65 and last traded at $456.14. Approximately 5,276,340 shares changed hands during trading, a decline of 88% from the average daily volume of 43,512,566 shares. The stock had previously closed at $455.80.

Invesco QQQ Trading Up 0.9 %

The company’s fifty day simple moving average is $438.77 and its two-hundred day simple moving average is $421.07.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.50%.

Institutional Trading of Invesco QQQ

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its holdings 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 purchasing an additional 28,263,426 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC grew its position in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares during the last quarter. Harvard Management Co. Inc. bought a new position in shares of Invesco QQQ during the first quarter worth about $304,591,000. Finally, CHURCHILL MANAGEMENT Corp grew its position in shares of Invesco QQQ by 30.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after acquiring an additional 433,317 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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.