Invesco QQQ (NASDAQ:QQQ) Trading 1.3% Higher – Time to Buy?

Invesco QQQ (NASDAQ:QQQGet Free Report) rose 1.3% during trading on Tuesday . The stock traded as high as $682.77 and last traded at $681.5740. Approximately 35,539,412 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 59,365,289 shares. The stock had previously closed at $672.88.

Trending Headlines about Invesco QQQ

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

Invesco QQQ Price Performance

The firm has a 50 day moving average price of $610.87 and a 200 day moving average price of $614.18.

Invesco QQQ Cuts Dividend

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

Institutional Trading of Invesco QQQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CAP Partners LLC raised its stake in Invesco QQQ by 3.5% during 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. Well Done LLC raised its stake in Invesco QQQ by 0.5% during the 4th quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after purchasing an additional 16 shares during the period. TCV Trust & Wealth Management Inc. raised its stake in Invesco QQQ by 1.4% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $748,000 after purchasing an additional 17 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Invesco QQQ by 1.2% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,421 shares of the exchange traded fund’s stock valued at $853,000 after purchasing an additional 17 shares during the period. Finally, Investment Management Corp VA ADV raised its stake in Invesco QQQ by 1.6% during the 3rd quarter. Investment Management Corp VA ADV now owns 1,110 shares of the exchange traded fund’s stock valued at $667,000 after purchasing an additional 17 shares during the period. Institutional investors own 44.58% of the company’s stock.

About Invesco QQQ

(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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