Invesco QQQ (NASDAQ:QQQ) Shares Up 1.5%

Invesco QQQ (NASDAQ:QQQ)’s share price traded up 1.5% during mid-day trading on Friday . The company traded as high as $432.17 and last traded at $430.92. 20,610,646 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 45,843,637 shares. The stock had previously closed at $424.45.

Invesco QQQ Stock Performance

The company’s 50-day moving average is $436.87 and its 200 day moving average is $409.67.

Invesco QQQ Dividend Announcement

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 dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

Institutional Trading of Invesco QQQ

Institutional investors and hedge funds have recently modified their holdings of the business. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ during the 1st quarter valued at $29,000. Legacy Bridge LLC increased its position in Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ in the fourth quarter valued at about $35,000. Red Tortoise LLC lifted its holdings in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares during the period. Finally, Robinson Capital Management LLC purchased a new position in Invesco QQQ in the fourth quarter worth about $40,000. 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.