Invesco QQQ (NASDAQ:QQQ) Share Price Up 0.1%

Invesco QQQ (NASDAQ:QQQ – Get Free Report ) share price traded up 0.1% on Thursday. The stock traded as high as $484.55 and last traded at $482.28. 7,551,976 shares changed hands during trading, down 81% from the session’s average volume of 39,639,922 shares. Shares previously closed at $481.95.

Invesco QQQ stock falls 0.3%

The stock has a fifty day simple moving average of $468.60 and a 200 day simple moving average of $461.03.

Invesco QQQ cuts dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a dividend of $2.71 on an annualized basis and a yield of 0.56%. The ex-dividend date is Monday, September 23.

Institutional investors weigh in on Invesco QQQ

Hedge funds have recently made changes to their positions in the stock. KBC Group NV bought a new position in shares of Invesco QQQ during the fourth quarter valued at about $488,000. The Manufacturers Life Insurance Company boosted its holdings in Invesco QQQ by 5.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 118,579 shares of the exchange traded fund’s stock valued at $48,561,000 after buying an additional 5,689 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Invesco QQQ by 22.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 111,639 shares of the exchange traded fund’s stock valued at $45,719,000 after purchasing an additional 20,100 shares during the period. Annex Advisory Services LLC boosted its holdings in shares of Invesco QQQ by 26.7% in the fourth quarter. Annex Advisory Services LLC now owns 3,681 shares of the exchange traded fund’s stock worth $1,508,000 after purchasing an additional 776 shares in the last quarter. Finally, 1832 Asset Management LP lifted its position in shares of Invesco QQQ by 187.9% during the 4th quarter. 1832 Asset Management LP now owns 8,012 shares of the exchange traded fund’s stock worth $3,281,000. after buying an additional 5,229 shares during the period. Institutional investors own 44.58% of the company’s shares.

Invesco QQQ Company Profile

(Get a free report)

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 return performance of the Nasdaq-100 Index. The Trust offers investors the opportunity to purchase units of beneficial interest in the Trust representing undivided proportionate interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weight, as the constituent securities of the Trust. the Nasdaq-100 index.

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