Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.1% – Here’s What Happened

by · The Cerbat Gem

Invesco QQQ (NASDAQ:QQQ – Get Free Report) traded down 0.1% on Monday . The stock traded as low as $493.12 and last traded at $493.73. 6,465,052 shares changed hands during trading, a decline of 83% from the average session volume of 38,853,418 shares. The stock had previously closed at $494.47.

Invesco QQQ Trading Down 0.0 %

The firm’s fifty day moving average price is $477.68 and its two-hundred day moving average price is $465.15.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

Hedge Funds Weigh In On Invesco QQQ

Several institutional investors have recently made changes to their positions in the stock. Atwater Malick LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter worth about $293,000. Westwood Holdings Group Inc. raised its holdings in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the last quarter. Socha Financial Group LLC raised its holdings in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after acquiring an additional 1,153 shares during the last quarter. SVB Wealth LLC raised its holdings in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp raised its holdings in shares of Invesco QQQ by 70.6% in the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after acquiring an additional 1,894 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

About Invesco QQQ

(Get Free Report)

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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