Invesco QQQ (NASDAQ:QQQ) Stock Price Up 1.5%

Invesco QQQ (NASDAQ:QQQ) shares rose 1.5% during trading on Friday . The company traded as high as $432.17 and last traded at $430.92. Approximately 20,610,646 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 45,843,637 shares. The stock had previously closed at $424.45.

Invesco QQQ Price Performance

The business has a fifty day moving average price of $436.88 and a 200 day moving average price of $410.40.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after buying an additional 243,305 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Invesco QQQ during the 1st quarter worth approximately $1,580,776,000. Finally, Commonwealth Equity Services LLC grew its stake in Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after buying an additional 162,691 shares during the last quarter. Hedge funds and other institutional investors 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.