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

Shares of Invesco QQQ (NASDAQ:QQQ) traded down 0.1% on Tuesday . The stock traded as low as $513.99 and last traded at $515.17. 6,632,833 shares changed hands during trading, a decline of 82% from the average session volume of 37,022,203 shares. The stock had previously closed at $515.61.

Invesco QQQ Trading Down 0.8 %

The stock’s fifty day moving average is $511.81 and its 200-day moving average is $489.39.

Invesco QQQ Announces Dividend

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

Institutional Investors Weigh In On Invesco QQQ

A number of hedge funds have recently modified their holdings of the business. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas purchased a new stake in Invesco QQQ in the third quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in Invesco QQQ in the 2nd quarter valued at about $76,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at $91,000. 44.58% of the stock is currently 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.