Invesco QQQ (NASDAQ:QQQ) Trading Down 0.1% – What’s Next?

Invesco QQQ (NASDAQ:QQQ) was down 0.1% during trading on Tuesday . The company traded as low as $513.99 and last traded at $515.17. Approximately 6,632,833 shares were traded during trading, a decline of 82% from the average daily volume of 37,022,203 shares. The stock had previously closed at $515.61.

Invesco QQQ Stock Performance

The company’s fifty day moving average is $511.04 and its 200-day moving average is $489.02.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.8347 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Investors Weigh In On Invesco QQQ

A number of institutional investors have recently added to or reduced their stakes in QQQ. Lantz Financial LLC bought a new stake in Invesco QQQ in the second quarter valued at about $214,000. Principal Financial Group Inc. grew its stake in shares of Invesco QQQ by 4.7% in the 2nd quarter. Principal Financial Group Inc. now owns 8,048 shares of the exchange traded fund’s stock valued at $3,856,000 after purchasing an additional 363 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Invesco QQQ by 29.3% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,452 shares of the exchange traded fund’s stock valued at $1,181,000 after purchasing an additional 555 shares during the period. Interchange Capital Partners LLC raised its holdings in shares of Invesco QQQ by 21.6% in the 2nd quarter. Interchange Capital Partners LLC now owns 585 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 104 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Invesco QQQ by 26.4% during the 2nd quarter. Natixis Advisors LLC now owns 29,128 shares of the exchange traded fund’s stock worth $13,956,000 after buying an additional 6,089 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

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.