Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.3%

Invesco QQQ (NASDAQ:QQQ) traded up 0.3% during trading on Thursday . The stock traded as high as $471.22 and last traded at $469.97. 11,476,391 shares were traded during mid-day trading, a decline of 72% from the average session volume of 40,315,555 shares. The stock had previously closed at $468.62.

Invesco QQQ Price Performance

The firm has a 50 day moving average price of $470.86 and a 200 day moving average price of $456.68.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

Institutional Trading of Invesco QQQ

Several institutional investors have recently made changes to their positions in the business. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ during the 1st quarter valued at approximately $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ during the 1st quarter valued at approximately $29,000. Mechanics Financial Corp purchased a new position in Invesco QQQ during the 2nd quarter valued at approximately $30,000. Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. 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.