Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.5%

Invesco QQQ (NASDAQ:QQQ)’s stock price traded down 0.5% during mid-day trading on Wednesday . The company traded as low as $459.38 and last traded at $460.39. 10,727,777 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 40,912,754 shares. The stock had previously closed at $462.58.

Invesco QQQ Trading Up 0.1 %

The company has a fifty day moving average price of $473.92 and a 200-day moving average price of $450.94.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.66%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th.

Hedge Funds Weigh In On Invesco QQQ

Several hedge funds have recently added to or reduced their stakes in QQQ. International Assets Investment Management LLC grew its holdings in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Invesco QQQ during the first quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC lifted its position in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC grew its holdings in Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in Invesco QQQ by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after acquiring an additional 64,401 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

About Invesco QQQ

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.