Invesco QQQ (NASDAQ:QQQ) Shares Down 0% – Should You Sell?

Invesco QQQ (NASDAQ:QQQ) was down 0% during trading on Tuesday . The company traded as low as $512.90 and last traded at $513.77. Approximately 5,076,102 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 38,204,531 shares. The stock had previously closed at $513.84.

Invesco QQQ Trading Down 0.2 %

The business’s fifty day simple moving average is $485.37 and its 200-day simple moving average is $472.57.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. grew its position in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares during the period. Socha Financial Group LLC lifted its position in shares of Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after purchasing an additional 2,171 shares during the period. Bank Hapoalim BM increased its stake in shares of Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after acquiring an additional 6,347 shares in the last quarter. SVB Wealth LLC grew its position in Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares during the period. Finally, Arrow Financial Corp raised its position in Invesco QQQ by 7.2% in the 3rd quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock valued at $68,997,000 after buying an additional 9,516 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other 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.