Invesco QQQ (NASDAQ:QQQ) Shares Down 0.4%

Invesco QQQ (NASDAQ:QQQ) traded down 0.4% during mid-day trading on Wednesday . The company traded as low as $428.46 and last traded at $429.28. 12,344,844 shares were traded during mid-day trading, a decline of 73% from the average session volume of 44,978,902 shares. The stock had previously closed at $431.10.

Invesco QQQ Stock Down 1.0 %

The stock’s fifty day simple moving average is $438.36 and its 200-day simple moving average is $407.27.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

Institutional Investors Weigh In On Invesco QQQ

Several large investors have recently made changes to their positions in QQQ. 180 Wealth Advisors LLC grew its position in Invesco QQQ by 1.2% in the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after buying an additional 29 shares during the last quarter. Bank Hapoalim BM grew its position in Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after buying an additional 4,549 shares during the last quarter. Goodwin Daniel L boosted its stake in Invesco QQQ by 76.1% in the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after purchasing an additional 2,495 shares during the period. Ameriprise Financial Inc. boosted its stake in Invesco QQQ by 6.1% in 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 purchasing an additional 243,305 shares during the period. Finally, VitalStone Financial LLC boosted its stake in Invesco QQQ by 302.0% in the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares during the period. Institutional investors and hedge funds 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.