Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.8%

Shares of Invesco QQQ (NASDAQ:QQQ) were up 0.8% during mid-day trading on Thursday . The stock traded as high as $465.36 and last traded at $464.32. Approximately 9,412,023 shares traded hands during trading, a decline of 77% from the average daily volume of 40,288,020 shares. The stock had previously closed at $460.61.

Invesco QQQ Stock Performance

The company’s 50-day moving average price is $472.43 and its two-hundred day moving average price is $455.91.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.68%.

Institutional Investors Weigh In On Invesco QQQ

Hedge funds have recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ during the first quarter valued at $29,000. Mechanics Financial Corp purchased a new position in Invesco QQQ in the second quarter valued at about $30,000. Legacy Bridge LLC increased its position in Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $35,000. 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.