Invesco QQQ (NASDAQ:QQQ) Trading Down 0%

Invesco QQQ (NASDAQ:QQQ)’s share price dropped 0% on Tuesday . The stock traded as low as $429.78 and last traded at $430.89. Approximately 13,748,921 shares changed hands during trading, a decline of 69% from the average daily volume of 44,978,117 shares. The stock had previously closed at $431.06.

Invesco QQQ Trading Down 1.2 %

The company has a fifty day moving average price of $438.24 and a two-hundred day moving average price of $407.40.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

Institutional Trading of Invesco QQQ

Several institutional investors have recently made changes to their positions in the company. Chapin Davis Inc. raised its position in shares of Invesco QQQ by 436.6% during the 1st quarter. Chapin Davis Inc. now owns 4,738 shares of the exchange traded fund’s stock valued at $2,104,000 after buying an additional 3,855 shares during the period. Pettinga Financial Advisors LLC raised its position in shares of Invesco QQQ by 4.3% during the 1st quarter. Pettinga Financial Advisors LLC now owns 15,002 shares of the exchange traded fund’s stock valued at $6,661,000 after buying an additional 619 shares during the period. Omega Financial Group LLC raised its position in shares of Invesco QQQ by 6.2% during the 1st quarter. Omega Financial Group LLC now owns 9,024 shares of the exchange traded fund’s stock valued at $4,007,000 after buying an additional 525 shares during the period. Scott Capital Advisors LLC raised its position in Invesco QQQ by 14.0% in the first quarter. Scott Capital Advisors LLC now owns 53,606 shares of the exchange traded fund’s stock valued at $23,706,000 after purchasing an additional 6,595 shares during the period. Finally, PPSC Investment Service Corp raised its position in Invesco QQQ by 9.2% in the first quarter. PPSC Investment Service Corp now owns 260,400 shares of the exchange traded fund’s stock valued at $115,620,000 after purchasing an additional 21,900 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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.