Invesco QQQ (NASDAQ:QQQ) Trading 0.5% Higher – Time to Buy?

Invesco QQQ (NASDAQ:QQQGet Free Report) shares rose 0.5% during mid-day trading on Thursday . The stock traded as high as $516.64 and last traded at $513.90. Approximately 11,845,525 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 37,113,145 shares. The stock had previously closed at $511.23.

Invesco QQQ Price Performance

The business has a 50 day simple moving average of $511.81 and a 200 day simple moving average of $489.39.

Invesco QQQ Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lantz Financial LLC acquired a new stake in Invesco QQQ during the 2nd quarter worth $214,000. Principal Financial Group Inc. increased its position in Invesco QQQ by 4.7% during the 2nd quarter. Principal Financial Group Inc. now owns 8,048 shares of the exchange traded fund’s stock worth $3,856,000 after buying an additional 363 shares during the period. Natixis Advisors LLC raised its stake in Invesco QQQ by 26.4% in the 2nd quarter. Natixis Advisors LLC now owns 29,128 shares of the exchange traded fund’s stock worth $13,956,000 after purchasing an additional 6,089 shares in the last quarter. TIAA Trust National Association raised its position in shares of Invesco QQQ by 2.6% in the second quarter. TIAA Trust National Association now owns 29,727 shares of the exchange traded fund’s stock valued at $14,243,000 after buying an additional 756 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its holdings in Invesco QQQ by 6.7% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 908 shares of the exchange traded fund’s stock valued at $435,000 after acquiring an additional 57 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Company Profile

(Get Free Report)

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.

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