Invesco QQQ (NASDAQ:QQQ) Shares Down 0.2% – What’s Next?

Invesco QQQ (NASDAQ:QQQ) was down 0.2% during mid-day trading on Monday . The stock traded as low as $478.96 and last traded at $478.74. Approximately 10,235,429 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 34,821,744 shares. The stock had previously closed at $479.66.

Invesco QQQ Stock Down 1.7 %

The business has a 50-day moving average price of $513.24 and a 200-day moving average price of $504.15. The firm has a market capitalization of $299.08 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

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

Institutional Investors Weigh In On Invesco QQQ

Institutional investors have recently added to or reduced their stakes in the business. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the 4th quarter worth $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $37,000. Finally, Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% during the 4th 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 during 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.