Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0% – Here’s Why

Invesco QQQ (NASDAQ:QQQ)’s share price shot up 0% during mid-day trading on Wednesday . The stock traded as high as $516.29 and last traded at $515.20. 9,040,597 shares were traded during trading, a decline of 69% from the average session volume of 29,349,512 shares. The stock had previously closed at $515.18.

Invesco QQQ Trading Down 1.5 %

The company has a 50-day moving average price of $514.52 and a 200-day moving average price of $490.73.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given 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

Several institutional investors have recently modified their holdings of QQQ. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. BNP Paribas acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Providence Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at approximately $91,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

About Invesco QQQ

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.