Invesco QQQ (NASDAQ:QQQ) Trading Down 0.4%

Invesco QQQ (NASDAQ:QQQ) shares traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $430.70 and last traded at $431.08. 7,769,193 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 45,472,480 shares. The stock had previously closed at $432.75.

Invesco QQQ Stock Down 1.2 %

The company’s 50 day moving average price is $436.92 and its 200 day moving average price is $411.12.

Invesco QQQ Dividend Announcement

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

Hedge Funds Weigh In On Invesco QQQ

A number of large investors have recently made changes to their positions in QQQ. Summit X LLC boosted its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after acquiring an additional 24 shares in the last quarter. IMA Wealth Inc. raised its position 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 purchasing an additional 25 shares during the last quarter. S.A. Mason LLC grew its holdings in Invesco QQQ by 1.5% during 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 during the last quarter. Lauterbach Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares during the last quarter. Finally, Cedrus LLC raised its holdings in shares of Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares during the last quarter. 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.