Invesco QQQ (NASDAQ:QQQ) Shares Up 0% – Here’s Why

Invesco QQQ (NASDAQ:QQQ)’s share price rose 0% during mid-day trading on Thursday . The company traded as high as $516.92 and last traded at $515.27. Approximately 30,632,567 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 33,773,738 shares. The stock had previously closed at $515.18.

Invesco QQQ Stock Up 0.0 %

The firm’s fifty day moving average price is $513.89 and its 200 day moving average price is $490.56.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco QQQ

A number of institutional investors and hedge funds have recently bought and sold shares of QQQ. GAMMA Investing LLC grew its stake in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares in the last quarter. Socha Financial Group LLC lifted its stake in Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the last quarter. NRI Wealth Management LC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its holdings in shares of Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 3,581 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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.