Invesco QQQ (NASDAQ:QQQ) Shares Up 0.6%

Invesco QQQ (NASDAQ:QQQ)’s share price was up 0.6% during mid-day trading on Monday . The stock traded as high as $455.24 and last traded at $451.35. Approximately 11,162,642 shares traded hands during trading, a decline of 72% from the average daily volume of 40,310,789 shares. The stock had previously closed at $448.69.

Invesco QQQ Stock Up 0.9 %

The stock’s fifty day moving average price is $472.43 and its 200 day moving average price is $456.33.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

Institutional Trading of Invesco QQQ

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atwater Malick LLC purchased a new stake in Invesco QQQ during the 1st quarter valued at about $293,000. Westwood Holdings Group Inc. grew its stake in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the period. GenWealth Group Inc. lifted its position in Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares during the period. Fiera Capital Corp boosted its position in shares of Invesco QQQ by 1.7% in the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after purchasing an additional 11,013 shares in the last quarter. Finally, Socha Financial Group LLC grew its stake in shares of Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after acquiring an additional 1,153 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.