Invesco QQQ (NASDAQ:QQQ) Shares Up 0.1% – What’s Next?

Invesco QQQ (NASDAQ:QQQ)’s stock price was up 0.1% during mid-day trading on Tuesday . The stock traded as high as $510.16 and last traded at $506.07. Approximately 10,129,285 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 31,230,201 shares. The stock had previously closed at $505.56.

Invesco QQQ Price Performance

The stock has a 50-day moving average of $515.32 and a 200 day moving average of $491.29.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QQQ. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas acquired a new stake in Invesco QQQ during the 3rd quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares in the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $73,000. Finally, Providence Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the second quarter worth about $76,000. 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.