Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.8% – What’s Next?

Invesco QQQ (NASDAQ:QQQ)’s share price rose 0.8% during mid-day trading on Monday . The company traded as high as $514.89 and last traded at $513.89. Approximately 8,055,847 shares were traded during trading, a decline of 79% from the average daily volume of 37,638,383 shares. The stock had previously closed at $509.74.

Invesco QQQ Trading Up 1.2 %

The business has a 50-day moving average price of $497.40 and a 200-day moving average price of $480.28.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, September 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QQQ. Mechanics Financial Corp acquired a new position in Invesco QQQ in the 2nd quarter worth about $30,000. CGC Financial Services LLC increased its position in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the last quarter. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. PFG Private Wealth Management LLC increased its position in Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 103 shares during the last quarter. Finally, BNP Paribas acquired a new position in Invesco QQQ in the 3rd quarter worth about $62,000. 44.58% of the stock is 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.