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

Shares of Invesco QQQ (NASDAQ:QQQ) traded up 0.3% on Tuesday . The company traded as high as $477.08 and last traded at $473.92. 21,065,494 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 34,962,935 shares. The stock had previously closed at $472.73.

Invesco QQQ Trading Up 0.6 %

The company has a market cap of $299.66 billion, a P/E ratio of 33.43 and a beta of 1.11. The company has a 50 day moving average price of $517.98 and a 200-day moving average price of $504.13.

Invesco QQQ Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QQQ. Proficio Capital Partners LLC grew its holdings in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. NWI Management LP increased its holdings in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. Senator Investment Group LP bought a new position in Invesco QQQ during the 4th quarter worth $679,936,000. Finally, Artemis Wealth Advisors LLC lifted its holdings in Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after buying an additional 895,277 shares during the period. 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.