Invesco QQQ (NASDAQ:QQQ) Trading Down 1.1% – What’s Next?

Invesco QQQ (NASDAQ:QQQGet Free Report) traded down 1.1% on Tuesday . The company traded as low as $591.87 and last traded at $601.58. 95,672,313 shares were traded during trading, an increase of 53% from the average session volume of 62,504,563 shares. The stock had previously closed at $608.09.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Price Performance

The business has a 50-day moving average price of $615.39 and a 200 day moving average price of $607.06.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.7941 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Hedge Funds Weigh In On Invesco QQQ

Several large investors have recently modified their holdings of QQQ. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Jupiter Wealth Management LLC purchased a new position in shares of Invesco QQQ in the second quarter worth $290,000. Wealth Group Ltd. lifted its holdings in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares in the last quarter. Finally, Ignite Planners LLC boosted its position in shares of Invesco QQQ by 2.0% during the second quarter. Ignite Planners LLC now owns 8,149 shares of the exchange traded fund’s stock valued at $4,574,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Company Profile

(Get 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 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.

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