Invesco QQQ (NASDAQ:QQQ) Trading Up 1.7% – Should You Buy?

Invesco QQQ (NASDAQ:QQQ)’s stock price rose 1.7% on Monday . The company traded as high as $527.80 and last traded at $527.40. Approximately 11,194,145 shares traded hands during trading, a decline of 55% from the average daily volume of 24,965,090 shares. The stock had previously closed at $518.58.

Invesco QQQ Trading Up 0.0 %

The firm’s fifty day simple moving average is $513.51 and its 200-day simple moving average is $490.39.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco QQQ

Institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in Invesco QQQ in the third quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the period. Providence Capital Advisors LLC bought a new stake in Invesco QQQ in the second quarter valued at $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Invesco QQQ during the third quarter valued at about $91,000. 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.