Invesco QQQ (NASDAQ:QQQ) Stock Price Down 3.3% – Time to Sell?

Invesco QQQ (NASDAQ:QQQ) fell 3.3% during trading on Thursday . The company traded as low as $448.27 and last traded at $450.52. 25,038,633 shares were traded during mid-day trading, a decline of 32% from the average session volume of 36,628,973 shares. The stock had previously closed at $466.00.

Invesco QQQ Trading Down 3.5 %

The business has a 50 day moving average price of $493.17 and a 200 day moving average price of $502.94. The company has a market capitalization of $284.94 billion, a P/E ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QQQ. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ during the 4th quarter worth about $37,000. Finally, Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

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.