Invesco QQQ (NASDAQ:QQQ) Trading 0.2% Higher – Still a Buy?

Invesco QQQ (NASDAQ:QQQ) traded up 0.2% during trading on Tuesday . The stock traded as high as $524.69 and last traded at $522.98. 9,043,764 shares traded hands during trading, a decline of 73% from the average session volume of 33,029,555 shares. The stock had previously closed at $521.74.

Invesco QQQ Stock Performance

The business has a 50 day moving average price of $516.10 and a 200-day moving average price of $492.33.

Invesco QQQ Dividend Announcement

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

Institutional Trading of Invesco QQQ

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ during the third quarter worth $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ during the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. 44.58% of the stock is owned by 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.