Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.2% – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ) was up 0.2% on Thursday . The company traded as high as $485.89 and last traded at $485.57. Approximately 12,129,619 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 34,805,691 shares. The stock had previously closed at $484.38.

Invesco QQQ Trading Down 2.6 %

The company has a fifty day moving average of $508.43 and a 200-day moving average of $504.77. The stock has a market cap of $295.55 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QQQ. Proficio Capital Partners LLC lifted its holdings in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. NWI Management LP raised its stake in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after acquiring an additional 3,648,000 shares in the last quarter. Senator Investment Group LP purchased a new position in Invesco QQQ in the fourth quarter valued at $679,936,000. Finally, Artemis Wealth Advisors LLC increased its holdings in Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after purchasing an additional 895,277 shares during the period. 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.