Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0% – Should You Buy?

Shares of Invesco QQQ (NASDAQ:QQQ) traded up 0% during mid-day trading on Thursday . The company traded as high as $519.06 and last traded at $516.84. 7,899,530 shares were traded during trading, a decline of 75% from the average session volume of 31,717,213 shares. The stock had previously closed at $516.70.

Invesco QQQ Price Performance

The firm has a fifty day simple moving average of $515.79 and a 200 day simple moving average of $491.80.

Invesco QQQ Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hoese & Co LLP raised its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 60.0% during 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 purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at approximately $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in 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 period. Hedge funds and other institutional investors 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.