Invesco QQQ (NASDAQ:QQQ) Trading Up 0% – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ)’s stock price traded up 0% during mid-day trading on Wednesday . The company traded as high as $516.29 and last traded at $515.20. 9,040,597 shares were traded during mid-day trading, a decline of 69% from the average session volume of 29,349,512 shares. The stock had previously closed at $515.18.

Invesco QQQ Stock Down 0.2 %

The firm has a fifty day moving average of $513.51 and a two-hundred day moving average of $490.39.

Invesco QQQ Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Bridge LLC increased its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ during the 3rd quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE raised 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. Providence Capital Advisors LLC bought a new position in Invesco QQQ in the 2nd quarter worth $76,000. Finally, Ashton Thomas Securities LLC purchased a new position in Invesco QQQ during the third quarter valued at $91,000. 44.58% of the stock is currently owned by hedge funds and other 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.