Invesco QQQ (NASDAQ:QQQ) Trading Down 0.3% – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ)’s share price was down 0.3% during mid-day trading on Thursday . The stock traded as low as $507.34 and last traded at $513.09. Approximately 18,767,365 shares were traded during trading, a decline of 40% from the average daily volume of 31,041,666 shares. The stock had previously closed at $514.56.

Invesco QQQ Stock Performance

The company has a market capitalization of $320.36 billion, a P/E ratio of 33.43 and a beta of 1.11. The company’s fifty day simple moving average is $522.05 and its 200-day simple moving average is $503.00.

Invesco QQQ Announces Dividend

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

Hedge Funds Weigh In On Invesco QQQ

Large investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. raised its holdings in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC grew its position in shares of Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after buying an additional 1,854 shares during the last quarter. Catalyst Financial Partners LLC raised its stake in shares of Invesco QQQ by 4.5% during the 3rd quarter. Catalyst Financial Partners LLC now owns 692 shares of the exchange traded fund’s stock worth $338,000 after acquiring an additional 30 shares in the last quarter. Pacific Wealth Strategies Group Inc. lifted its position in Invesco QQQ by 10.0% during the third quarter. Pacific Wealth Strategies Group Inc. now owns 21,443 shares of the exchange traded fund’s stock valued at $10,466,000 after acquiring an additional 1,954 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in Invesco QQQ by 5.0% during the third quarter. Stephens Inc. AR now owns 266,247 shares of the exchange traded fund’s stock valued at $129,947,000 after acquiring an additional 12,738 shares during the last quarter. Institutional investors 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.