Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.3% – Here’s What Happened

Shares of Invesco QQQ (NASDAQ:QQQ) were down 0.3% during trading on Wednesday . The stock traded as low as $520.62 and last traded at $522.85. Approximately 8,026,879 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 32,669,242 shares. The stock had previously closed at $524.47.

Invesco QQQ Stock Performance

The company’s 50 day moving average is $520.08 and its two-hundred day moving average is $494.82.

Invesco QQQ Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% in the 4th 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 in the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ during the 4th quarter valued at approximately $37,000. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $51,000. Finally, Legacy Bridge LLC lifted 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 valued at $59,000 after purchasing an additional 45 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

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.