Invesco QQQ (NASDAQ:QQQ) Stock Price Up 1.4% – What’s Next?

Invesco QQQ (NASDAQ:QQQGet Free Report)’s stock price rose 1.4% during trading on Wednesday . The company traded as high as $616.83 and last traded at $616.3390. Approximately 52,573,959 shares traded hands during trading, a decline of 13% from the average daily volume of 60,098,340 shares. The stock had previously closed at $607.87.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Up 1.4%

The company’s fifty day simple moving average is $616.14 and its 200-day simple moving average is $605.96.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Trading of Invesco QQQ

Several large investors have recently bought and sold shares of QQQ. Brighton Jones LLC grew its holdings in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the period. Jupiter Wealth Management LLC purchased a new stake in Invesco QQQ during the 2nd quarter valued at about $290,000. Wealth Group Ltd. grew its stake in Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Ignite Planners LLC increased its holdings in shares of Invesco QQQ by 2.0% in the second quarter. Ignite Planners LLC now owns 8,149 shares of the exchange traded fund’s stock valued at $4,574,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

About Invesco QQQ

(Get Free Report)

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.

Further Reading

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