Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.4% – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ) shares fell 0.4% during trading on Thursday . The stock traded as low as $519.51 and last traded at $518.66. 9,816,266 shares changed hands during trading, a decline of 70% from the average session volume of 32,599,666 shares. The stock had previously closed at $520.83.

Invesco QQQ Stock Down 0.1 %

The stock has a fifty day simple moving average of $519.55 and a 200 day simple moving average of $494.13.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco QQQ

A number of large investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. Finally, BNP Paribas bought a new stake in Invesco QQQ during the third quarter valued at approximately $62,000. 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.