Invesco QQQ (NASDAQ:QQQ) Trading Up 1.9% – What’s Next?

Invesco QQQ (NASDAQ:QQQ)’s stock price traded up 1.9% during mid-day trading on Friday . The company traded as high as $477.51 and last traded at $477.10. 14,402,614 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 35,019,846 shares. The stock had previously closed at $468.34.

Invesco QQQ Price Performance

The business has a 50-day moving average of $514.89 and a 200-day moving average of $503.85. The firm has a market cap of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco QQQ

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tableaux LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $228,000. Keystone Financial Services LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $2,888,000. Silver Oak Wealth Advisors Services LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $1,054,000. Northstar Financial Companies Inc. acquired a new position in Invesco QQQ during the fourth quarter worth approximately $303,000. Finally, Wealthedge Investment Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $2,175,000. 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.