Invesco QQQ (NASDAQ:QQQ) Shares Up 0.2%

Invesco QQQ (NASDAQ:QQQ)’s stock price rose 0.2% on Tuesday . The stock traded as high as $457.82 and last traded at $455.42. Approximately 9,104,240 shares were traded during trading, a decline of 77% from the average daily volume of 40,263,539 shares. The stock had previously closed at $454.46.

Invesco QQQ Stock Up 2.2 %

The business has a fifty day moving average price of $470.86 and a two-hundred day moving average price of $456.68.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 annualized dividend and a yield of 0.65%. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

Institutional Trading of Invesco QQQ

A number of institutional investors have recently bought and sold shares of the company. Prospect Financial Services LLC increased its stake in Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the period. Sweeney & Michel LLC increased its position in Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after acquiring an additional 22 shares during the period. Family Firm Inc. increased its holdings in Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares during the period. Merriman Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.5% in the second quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock valued at $2,420,000 after buying an additional 23 shares during the period. Finally, Summit X LLC increased its position in Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds 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.