Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0% – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ) traded up 0% during trading on Thursday . The company traded as high as $516.92 and last traded at $515.27. 30,632,567 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 33,773,738 shares. The stock had previously closed at $515.18.

Invesco QQQ Stock Down 1.5 %

The firm has a 50 day simple moving average of $514.92 and a two-hundred day simple moving average of $490.97.

Invesco QQQ Dividend Announcement

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

Hedge Funds Weigh In On Invesco QQQ

Several institutional investors and hedge funds have recently made changes to their positions in QQQ. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% in the third 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 last quarter. BNP Paribas acquired a new stake in Invesco QQQ in the 3rd quarter valued at $62,000. Ritter Daniher Financial Advisory LLC DE lifted its position in 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 buying an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $76,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Invesco QQQ in the 3rd quarter valued at about $91,000. 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.