Invesco QQQ (NASDAQ:QQQ) Trading Up 0.5% – What’s Next?

Invesco QQQ (NASDAQ:QQQ) traded up 0.5% on Friday . The stock traded as high as $504.67 and last traded at $502.90. 16,806,632 shares changed hands during trading, a decline of 47% from the average session volume of 31,503,701 shares. The stock had previously closed at $500.27.

Invesco QQQ Price Performance

The firm has a 50 day moving average of $522.05 and a two-hundred day moving average of $503.28. The stock has a market cap of $320.36 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of QQQ. BridgePort Financial Solutions LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $716,000. Park Square Financial Group LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $2,439,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $1,349,000. Menard Financial Group LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $108,000. Finally, Omnia Family Wealth LLC boosted its position in shares of Invesco QQQ by 7.1% in the 4th quarter. Omnia Family Wealth LLC now owns 11,361 shares of the exchange traded fund’s stock valued at $5,808,000 after purchasing an additional 749 shares during the period. Institutional investors and hedge funds 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.