Invesco QQQ (NASDAQ:QQQ) Trading 0.1% Higher

Invesco QQQ (NASDAQ:QQQ)’s stock price rose 0.1% on Wednesday . The stock traded as high as $463.24 and last traded at $462.32. Approximately 11,657,632 shares changed hands during trading, a decline of 71% from the average daily volume of 40,347,012 shares. The stock had previously closed at $461.81.

Invesco QQQ Stock Up 0.1 %

The business has a 50 day moving average of $473.04 and a 200-day moving average of $455.79.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.66%.

Institutional Trading of Invesco QQQ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the first quarter valued at $28,000. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $29,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $30,000. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $35,000. 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.