Invesco QQQ (NASDAQ:QQQ) Hits New 12-Month High at $388.17

Invesco QQQ (NASDAQ:QQQ) hit a new 52-week high on Monday . The stock traded as high as $388.17 and last traded at $387.57, with a volume of 4203837 shares. The stock had previously closed at $386.04.

Invesco QQQ Trading Up 0.4 %

The stock has a 50 day moving average of $365.20 and a 200-day moving average of $362.91.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were paid a $0.5389 dividend. The ex-dividend date was Monday, September 18th. This represents a $2.16 dividend on an annualized basis and a yield of 0.56%.

Institutional Investors Weigh In On Invesco QQQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Savoie Capital LLC bought a new position in Invesco QQQ in the third quarter worth approximately $5,178,000. Granite Harbor Advisors Inc. grew its position in shares of Invesco QQQ by 1.2% during the 3rd quarter. Granite Harbor Advisors Inc. now owns 23,509 shares of the exchange traded fund’s stock worth $8,423,000 after buying an additional 273 shares in the last quarter. Asset Allocation Strategies LLC increased its stake in shares of Invesco QQQ by 4.9% during the third quarter. Asset Allocation Strategies LLC now owns 46,488 shares of the exchange traded fund’s stock valued at $16,656,000 after buying an additional 2,178 shares during the period. Seelaus Asset Management LLC raised its holdings in shares of Invesco QQQ by 2.9% in the third quarter. Seelaus Asset Management LLC now owns 2,506 shares of the exchange traded fund’s stock valued at $898,000 after acquiring an additional 70 shares in the last quarter. Finally, Revisor Wealth Management LLC purchased a new stake in Invesco QQQ in the third quarter worth about $583,000. Institutional investors own 43.95% 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.