Invesco QQQ (NASDAQ:QQQ) Trading Up 1.1% – What’s Next?

Shares of Invesco QQQ (NASDAQ:QQQ) were up 1.1% during mid-day trading on Thursday . The stock traded as high as $534.57 and last traded at $534.04. Approximately 10,012,126 shares were traded during trading, a decline of 67% from the average daily volume of 30,593,961 shares. The stock had previously closed at $528.30.

Invesco QQQ Trading Up 0.4 %

The company’s 50-day simple moving average is $522.38 and its 200-day simple moving average is $497.86.

Invesco QQQ Announces Dividend

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

Institutional Investors Weigh In On Invesco QQQ

A number of hedge funds and other institutional investors have recently modified their holdings of QQQ. SOA Wealth Advisors LLC. raised its holdings in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares in the last quarter. B.O.S.S. Retirement Advisors LLC acquired a new position in Invesco QQQ in the third quarter valued at about $294,000. Good Life Advisors LLC raised its stake in Invesco QQQ by 118.8% in the third quarter. Good Life Advisors LLC now owns 50,052 shares of the exchange traded fund’s stock valued at $24,431,000 after purchasing an additional 27,172 shares in the last quarter. Quad Cities Investment Group LLC raised its stake in Invesco QQQ by 9.0% in the third quarter. Quad Cities Investment Group LLC now owns 9,511 shares of the exchange traded fund’s stock valued at $4,642,000 after purchasing an additional 784 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Invesco QQQ by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 131,186 shares of the exchange traded fund’s stock valued at $64,028,000 after buying an additional 4,438 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

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.