Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0%

Invesco QQQ (NASDAQ:QQQ) shares fell 0% during mid-day trading on Thursday . The stock traded as low as $443.76 and last traded at $444.74. 8,993,148 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 44,506,395 shares. The stock had previously closed at $444.83.

Invesco QQQ Stock Performance

The business has a 50 day moving average price of $433.84 and a two-hundred day moving average price of $399.66.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Summit X LLC boosted its holdings in Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after purchasing an additional 24 shares during the period. IMA Wealth Inc. boosted its stake in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after acquiring an additional 25 shares in the last quarter. S.A. Mason LLC lifted its stake in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after buying an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC lifted its stake in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after buying an additional 25 shares in the last quarter. Finally, Cedrus LLC raised its holdings in Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 25 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Company Profile

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.