Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.4% – Here’s Why

Invesco QQQ (NASDAQ:QQQ)’s stock price was down 0.4% during mid-day trading on Thursday . The company traded as low as $528.45 and last traded at $529.56. Approximately 6,236,474 shares were traded during trading, a decline of 81% from the average daily volume of 32,318,842 shares. The stock had previously closed at $531.51.

Invesco QQQ Stock Performance

The business has a 50 day moving average of $516.72 and a 200-day moving average of $492.81.

Invesco QQQ Dividend Announcement

The business 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.

Institutional Trading of Invesco QQQ

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Invesco QQQ by 9.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after acquiring an additional 125 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Invesco QQQ by 1.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock valued at $1,173,000 after buying an additional 25 shares in the last quarter. Royal Capital Wealth Management LLC raised its holdings in shares of Invesco QQQ by 5.3% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 7,230 shares of the exchange traded fund’s stock valued at $3,464,000 after buying an additional 366 shares in the last quarter. Point72 Europe London LLP raised its holdings in shares of Invesco QQQ by 13.2% during the 2nd quarter. Point72 Europe London LLP now owns 119,927 shares of the exchange traded fund’s stock valued at $57,458,000 after buying an additional 14,014 shares in the last quarter. Finally, Trinity Legacy Partners LLC raised its holdings in shares of Invesco QQQ by 24.9% during the 2nd quarter. Trinity Legacy Partners LLC now owns 1,612 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 321 shares in the last quarter. 44.58% of the stock is currently 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.