Invesco QQQ (NASDAQ:QQQ) Shares Up 0.4% – Here’s Why

Posted by Nicole Kennedy on Feb 19th, 2025

Invesco QQQ (NASDAQ:QQQ – Get Free Report) traded up 0.4% during trading on Monday . The company traded as high as $538.84 and last traded at $538.15. 17,824,816 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 30,763,604 shares. The stock had previously closed at $535.90.

Invesco QQQ Price Performance

The firm has a 50 day moving average price of $523.07 and a two-hundred day moving average price of $499.53.

Invesco QQQ Dividend Announcement

The company also recently declared 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 was Monday, December 23rd.

Institutional Investors Weigh In On Invesco QQQ

Several large investors have recently modified their holdings of the company. Thor Trading Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter valued at $9,496,000. Blue Sky Capital Consultants Group Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $15,592,000. Three Cord True Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $1,627,000. Warm Springs Advisors Inc. bought a new stake in Invesco QQQ in the fourth quarter worth approximately $3,782,000. Finally, Richmond Investment Services LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $14,909,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Company Profile

(Get Free Report)

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.