Invesco QQQ (NASDAQ:QQQ) Shares Up 0% – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ) shares shot up 0% during mid-day trading on Tuesday . The stock traded as high as $540.00 and last traded at $538.33. 7,019,560 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 30,042,363 shares. The stock had previously closed at $538.15.

Invesco QQQ Price Performance

The stock’s 50-day simple moving average is $522.69 and its 200 day simple moving average is $498.89.

Invesco QQQ Dividend Announcement

The business also recently disclosed 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 was Monday, December 23rd.

Institutional Trading of Invesco QQQ

Several institutional investors have recently added to or reduced their stakes in QQQ. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the fourth quarter worth about $37,000. Finally, Hoese & Co LLP lifted its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 44.58% 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.