Invesco QQQ (NASDAQ:QQQ) Shares Up 0.9% – Here’s Why

Invesco QQQ (NASDAQ:QQQ) shares traded up 0.9% during mid-day trading on Tuesday . The stock traded as high as $519.55 and last traded at $518.77. 12,228,654 shares were traded during mid-day trading, a decline of 63% from the average session volume of 33,021,445 shares. The stock had previously closed at $514.21.

Invesco QQQ Trading Up 0.4 %

The business’s fifty day simple moving average is $518.86 and its two-hundred day simple moving average is $493.75.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco QQQ

Several institutional investors have recently bought and sold shares of QQQ. PayPay Securities Corp grew its position in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at approximately $37,000. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. Finally, BNP Paribas purchased a new position in Invesco QQQ during the third quarter worth $62,000. 44.58% of the stock is owned by institutional investors and hedge funds.

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.