Invesco QQQ (NASDAQ:QQQ) Trading Up 0.8%

Shares of Invesco QQQ (NASDAQ:QQQ) traded up 0.8% on Thursday . The stock traded as high as $491.17 and last traded at $491.04. 18,064,880 shares were traded during mid-day trading, a decline of 34% from the average session volume of 27,272,988 shares. The stock had previously closed at $486.98.

Invesco QQQ Stock Up 0.8 %

The company has a 50 day moving average of $458.64 and a two-hundred day moving average of $438.27.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, June 24th.

Institutional Investors Weigh In On Invesco QQQ

A number of institutional investors have recently modified their holdings of QQQ. Atwater Malick LLC bought a new position in shares of Invesco QQQ during the first quarter valued at $293,000. Bank Hapoalim BM lifted 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 valued at $31,669,000 after purchasing an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after acquiring an additional 1,033 shares during the period. GenWealth Group Inc. lifted 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 valued at $18,851,000 after acquiring an additional 2,325 shares during the period. Finally, VitalStone Financial LLC lifted 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 valued at $8,099,000 after acquiring an additional 16,079 shares during the period. 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.