Invesco QQQ (NASDAQ:QQQ) Shares Up 0.3%

Shares of Invesco QQQ (NASDAQ:QQQ) shot up 0.3% on Monday . The stock traded as high as $433.76 and last traded at $432.46. 10,362,009 shares were traded during trading, a decline of 77% from the average session volume of 45,682,813 shares. The stock had previously closed at $431.00.

Invesco QQQ Trading Up 0.3 %

The firm has a fifty day moving average of $436.88 and a two-hundred day moving average of $410.68.

Invesco QQQ Announces Dividend

The firm also recently declared 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 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QQQ. 180 Wealth Advisors LLC raised its position in shares of Invesco QQQ by 1.2% in the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after acquiring an additional 29 shares in the last quarter. Bank Hapoalim BM grew its stake in shares of Invesco QQQ by 6.3% in the 4th 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 grew its stake in shares of 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 buying an additional 2,495 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of 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 buying an additional 243,305 shares during the last quarter. Finally, VitalStone Financial LLC increased its holdings in shares of Invesco QQQ by 302.0% in the third 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 last quarter. 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.