Invesco QQQ (NASDAQ:QQQ) Trading Up 1.9% – What’s Next?

Shares of Invesco QQQ (NASDAQ:QQQ) were up 1.9% on Friday . The stock traded as high as $477.51 and last traded at $477.10. Approximately 14,402,614 shares changed hands during trading, a decline of 59% from the average daily volume of 35,019,846 shares. The stock had previously closed at $468.34.

Invesco QQQ Stock Up 2.4 %

The company has a fifty day simple moving average of $514.89 and a two-hundred day simple moving average of $503.85. The stock has a market capitalization of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

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

Institutional Trading of Invesco QQQ

A number of institutional investors have recently modified their holdings of QQQ. Proficio Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. NWI Management LP lifted its holdings in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. Senator Investment Group LP bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $679,936,000. Finally, Artemis Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after purchasing an additional 895,277 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.