Invesco QQQ Trust (NASDAQ:QQQ) Sees Unusually-High Trading Volume

Shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) saw strong trading volume on Tuesday . 1,480,376 shares traded hands during trading, a decline of 97% from the previous session’s volume of 47,352,568 shares.The stock last traded at $301.42 and had previously closed at $310.74.

Invesco QQQ Trust Stock Up 0.8 %

The company’s fifty day moving average is $307.56 and its two-hundred day moving average is $314.85.

Invesco QQQ Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, June 22nd were given a dividend of $0.527 per share. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $2.11 annualized dividend and a dividend yield of 0.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QQQ. JPMorgan Chase & Co. boosted its holdings in Invesco QQQ Trust by 150.3% during the first quarter. JPMorgan Chase & Co. now owns 5,240,784 shares of the exchange traded fund’s stock worth $1,899,993,000 after buying an additional 3,146,789 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new stake in shares of Invesco QQQ Trust in the 1st quarter valued at approximately $313,456,000. Centiva Capital LP boosted its stake in Invesco QQQ Trust by 862.3% during the 2nd quarter. Centiva Capital LP now owns 963,300 shares of the exchange traded fund’s stock worth $269,994,000 after acquiring an additional 863,200 shares during the last quarter. SG Americas Securities LLC grew its holdings in Invesco QQQ Trust by 175.5% during the first quarter. SG Americas Securities LLC now owns 364,594 shares of the exchange traded fund’s stock valued at $132,180,000 after purchasing an additional 847,727 shares during the period. Finally, Aaron Wealth Advisors LLC increased its stake in Invesco QQQ Trust by 36,154.0% in the first quarter. Aaron Wealth Advisors LLC now owns 847,255 shares of the exchange traded fund’s stock valued at $2,337,000 after purchasing an additional 844,918 shares in the last quarter. 41.46% of the stock is currently owned by institutional investors.

Invesco QQQ Trust Company Profile

(Get Rating)

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.

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