Invesco QQQ (NASDAQ:QQQ) Trading 0.1% Higher

Invesco QQQ (NASDAQ:QQQ)’s stock price shot up 0.1% on Thursday . The stock traded as high as $483.10 and last traded at $480.79. 7,211,845 shares traded hands during trading, a decline of 82% from the average session volume of 40,954,520 shares. The stock had previously closed at $480.37.

Invesco QQQ Trading Up 0.3 %

The firm has a 50-day moving average of $452.40 and a two-hundred day moving average of $435.37.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be given a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QQQ. Bank Hapoalim BM raised its holdings in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 29.7% during the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after buying an additional 1,033 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares in the last quarter. GenWealth Group Inc. increased its holdings in Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after buying an additional 2,325 shares during the last quarter. Finally, VitalStone Financial LLC increased its holdings in Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after buying an additional 16,079 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other 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.