Invesco QQQ Trust (NASDAQ:QQQ) Trading Up 1.2%

Invesco QQQ Trust (NASDAQ:QQQ) shares were up 1.2% during mid-day trading on Tuesday . The company traded as high as $424.89 and last traded at $424.05. Approximately 14,350,170 shares changed hands during trading, a decline of 69% from the average daily volume of 45,600,734 shares. The stock had previously closed at $418.82.

Invesco QQQ Trust Trading Up 0.3 %

The business’s 50-day simple moving average is $437.07 and its 200-day simple moving average is $409.56.

Invesco QQQ Trust Dividend Announcement

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 given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, March 18th.

Hedge Funds Weigh In On Invesco QQQ Trust

A number of institutional investors have recently modified their holdings of QQQ. Summit X LLC boosted its holdings in shares of Invesco QQQ Trust by 0.4% during the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after purchasing an additional 24 shares during the period. IMA Wealth Inc. boosted its holdings in shares of Invesco QQQ Trust by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC boosted its holdings in shares of Invesco QQQ Trust by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC boosted its holdings in shares of Invesco QQQ Trust by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 25 shares during the period. Finally, Cedrus LLC boosted its holdings in shares of Invesco QQQ Trust by 1.7% during the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trust 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.