Invesco QQQ (NASDAQ:QQQ) Shares Up 3.1% – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ) shot up 3.1% during mid-day trading on Monday . The company traded as high as $744.76 and last traded at $744.00. 45,659,578 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 56,131,523 shares. The stock had previously closed at $721.34.

Invesco QQQ Stock Up 3.1%

The stock’s fifty day simple moving average is $680.91 and its 200-day simple moving average is $635.39.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.

Institutional Trading of Invesco QQQ

A number of institutional investors have recently bought and sold shares of the business. CAP Partners LLC boosted its holdings in Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after purchasing an additional 15 shares during the period. Durante & Waters LLC raised its position in shares of Invesco QQQ by 1.1% in the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after buying an additional 15 shares in the last quarter. Well Done LLC raised its position in shares of Invesco QQQ by 0.5% in the 4th quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after buying an additional 16 shares in the last quarter. Forty three Eighteen Advisors LLC raised its position in shares of Invesco QQQ by 0.6% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock valued at $1,555,000 after buying an additional 16 shares in the last quarter. Finally, Tenon Financial LLC lifted its stake in Invesco QQQ by 2.2% in the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 17 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.