Invesco QQQ (NASDAQ:QQQ) Trading Down 0.5%

Shares of Invesco QQQ (NASDAQ:QQQ) were down 0.5% during mid-day trading on Tuesday . The stock traded as low as $478.55 and last traded at $478.63. Approximately 9,875,142 shares were traded during trading, a decline of 76% from the average daily volume of 40,729,203 shares. The stock had previously closed at $481.27.

Invesco QQQ Stock Down 0.2 %

The stock’s 50 day moving average is $474.69 and its two-hundred day moving average is $452.36.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders 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 0.63%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Atwater Malick LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $293,000. Westwood Holdings Group Inc. increased its holdings in Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares during the last quarter. Aviance Capital Partners LLC increased its holdings in Invesco QQQ by 29.7% in the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,033 shares during the last quarter. GenWealth Group Inc. increased its holdings in Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Finally, Fiera Capital Corp increased its holdings in Invesco QQQ by 1.7% in the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock valued at $268,987,000 after purchasing an additional 11,013 shares during the last quarter. 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.