Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s stock price dropped 0.3% on Friday . The company traded as low as $481.00 and last traded at $481.76. Approximately 6,882,223 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 40,148,082 shares. The stock had previously closed at $483.36.
Invesco QQQ Price Performance
The business’s fifty day moving average price is $468.32 and its two-hundred day moving average price is $458.07.
Institutional Trading of Invesco QQQ
Several institutional investors and hedge funds have recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ in the 2nd quarter worth $30,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the 1st quarter worth $29,000. Legacy Bridge LLC increased its holdings in Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth $35,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
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.
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