Invesco QQQ (NASDAQ:QQQ) Trading Up 0.9% – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ) shares shot up 0.9% during trading on Friday . The stock traded as high as $516.73 and last traded at $514.68. 8,902,472 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 22,158,168 shares. The stock had previously closed at $510.23.

Invesco QQQ Price Performance

The stock has a 50-day moving average price of $512.17 and a 200 day moving average price of $489.54.

Invesco QQQ Dividend Announcement

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

Institutional Trading of Invesco QQQ

Several institutional investors have recently modified their holdings of the stock. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ in the third quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares during the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the second quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in Invesco QQQ in the 3rd quarter valued at $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

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.