Invesco QQQ (NASDAQ:QQQ) Shares Up 0% – Should You Buy?

Shares of Invesco QQQ (NASDAQ:QQQ) traded up 0% during trading on Thursday . The company traded as high as $516.92 and last traded at $515.27. 30,632,567 shares were traded during mid-day trading, a decline of 9% from the average session volume of 33,773,738 shares. The stock had previously closed at $515.18.

Invesco QQQ Stock Up 0.0 %

The stock’s 50 day simple moving average is $513.89 and its two-hundred day simple moving average is $490.56.

Invesco QQQ Dividend Announcement

The business also recently disclosed 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 Investors Weigh In On Invesco QQQ

Hedge funds have recently modified their holdings of the company. Northeast Investment Management grew its stake in shares of Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 20 shares during the period. Planning Capital Management Corp grew its position in Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares during the period. Skyline Advisors Inc. increased its stake in Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares during the last quarter. Madden Advisory Services Inc. raised its position in Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares during the period. Finally, Meridian Management Co. lifted its stake in shares of Invesco QQQ by 0.6% in the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock valued at $1,640,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other 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.