Invesco QQQ (NASDAQ:QQQ) Trading 0.2% Higher

Invesco QQQ (NASDAQ:QQQ)’s share price rose 0.2% during trading on Tuesday . The stock traded as high as $483.15 and last traded at $482.97. Approximately 5,727,050 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 40,656,949 shares. The stock had previously closed at $481.92.

Invesco QQQ Stock Performance

The stock has a 50 day moving average price of $457.35 and a two-hundred day moving average price of $437.90.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th.

Institutional Investors Weigh In On Invesco QQQ

A number of large investors have recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ during the 1st quarter worth $28,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $29,000. Legacy Bridge LLC raised its holdings in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at $35,000. Finally, Red Tortoise LLC lifted its stake in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

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.