Invesco QQQ (NASDAQ:QQQ) Shares Down 0.3% – Time to Sell?

Invesco QQQ (NASDAQ:QQQ) shares fell 0.3% during mid-day trading on Wednesday . The company traded as low as $519.02 and last traded at $520.09. 6,290,423 shares were traded during mid-day trading, a decline of 81% from the average session volume of 32,770,086 shares. The stock had previously closed at $521.81.

Invesco QQQ Stock Down 0.0 %

The company has a 50-day simple moving average of $518.51 and a 200 day simple moving average of $493.56.

Invesco QQQ Announces Dividend

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

Institutional Trading of Invesco QQQ

Hedge funds have recently bought and sold shares of the stock. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the third quarter valued at about $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ in the fourth quarter worth about $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $73,000. 44.58% of the stock is owned by institutional investors.

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.