Invesco QQQ (NASDAQ:QQQ) Shares Up 1.2%

Invesco QQQ (NASDAQ:QQQ)’s share price traded up 1.2% during trading on Friday . The company traded as high as $482.74 and last traded at $480.78. 11,098,596 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 40,555,234 shares. The stock had previously closed at $474.85.

Invesco QQQ Trading Up 0.9 %

The firm has a 50-day moving average price of $475.07 and a two-hundred day moving average price of $453.08.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Monday, June 24th.

Institutional Trading of Invesco QQQ

Institutional investors have recently made changes to their positions in the business. Atwater Malick LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $293,000. Westwood Holdings Group Inc. raised its position in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares in the last quarter. Aviance Capital Partners LLC lifted its stake in Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after acquiring an additional 1,033 shares during the last quarter. GenWealth Group Inc. grew its position in shares of 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 acquiring an additional 2,325 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of Invesco QQQ by 1.7% during the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after purchasing an additional 11,013 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

About Invesco QQQ

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.