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

Invesco QQQ (NASDAQ:QQQ) shares shot up 1.1% on Thursday . The stock traded as high as $534.57 and last traded at $534.04. 10,012,126 shares traded hands during trading, a decline of 67% from the average session volume of 30,593,961 shares. The stock had previously closed at $528.30.

Invesco QQQ Stock Performance

The firm has a 50 day moving average price of $521.86 and a two-hundred day moving average price of $497.08.

Invesco QQQ Dividend Announcement

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

Hedge Funds Weigh In On Invesco QQQ

Institutional investors have recently made changes to their positions in the business. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

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.