Invesco QQQ (NASDAQ:QQQ) Trading 0% Higher

Shares of Invesco QQQ (NASDAQ:QQQ) traded up 0% on Wednesday . The stock traded as high as $480.83 and last traded at $479.60. 5,425,720 shares were traded during trading, a decline of 87% from the average session volume of 41,096,191 shares. The stock had previously closed at $479.38.

Invesco QQQ Stock Performance

The company has a 50 day moving average of $452.40 and a two-hundred day moving average of $435.37.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.63%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its position in Invesco QQQ by 40,957.3% during the 4th 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 acquiring an additional 28,263,426 shares during the period. Global Assets Advisory LLC acquired a new stake in Invesco QQQ during the 1st quarter worth about $1,580,776,000. Steel Grove Capital Advisors LLC lifted its position in Invesco QQQ by 934.0% during the 1st 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 period. Harvard Management Co. Inc. acquired a new stake in Invesco QQQ during the 1st quarter worth about $304,591,000. Finally, CHURCHILL MANAGEMENT Corp lifted its position in 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 acquiring an additional 433,317 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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.