Invesco QQQ (NASDAQ:QQQ) Trading Up 0.3%

Invesco QQQ (NASDAQ:QQQ)’s share price shot up 0.3% during trading on Wednesday . The stock traded as high as $500.60 and last traded at $499.40. 6,128,368 shares were traded during trading, a decline of 85% from the average session volume of 40,032,609 shares. The stock had previously closed at $497.77.

Invesco QQQ Trading Up 0.4 %

The firm has a 50-day moving average of $464.03 and a 200 day moving average of $440.98.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a dividend of $0.7615 per share. The ex-dividend date of this dividend is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.61%.

Hedge Funds Weigh In On Invesco QQQ

Several hedge funds and other institutional investors have recently bought and sold shares of QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the 1st quarter worth approximately $28,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $29,000. Legacy Bridge LLC increased its holdings in 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 purchasing an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $35,000. Finally, Red Tortoise LLC increased its holdings in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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.