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

Invesco QQQ (NASDAQ:QQQ) shot up 0% during trading on Thursday . The stock traded as high as $516.92 and last traded at $515.27. 30,632,567 shares changed hands 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 Down 1.5 %

The firm’s 50 day moving average is $514.92 and its two-hundred day moving average is $490.97.

Invesco QQQ Dividend Announcement

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

Institutional Trading of Invesco QQQ

Institutional investors and hedge funds have recently bought and sold shares of the business. RMR Wealth Builders raised its position in shares of Invesco QQQ by 1.2% in the fourth quarter. RMR Wealth Builders now owns 11,446 shares of the exchange traded fund’s stock valued at $5,852,000 after purchasing an additional 131 shares during the period. Tilia Fiduciary Partners Inc. raised its holdings in Invesco QQQ by 8.2% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 1,065 shares of the exchange traded fund’s stock valued at $545,000 after acquiring an additional 81 shares during the period. Atlas Brown Inc. lifted its position in Invesco QQQ by 0.8% during the fourth quarter. Atlas Brown Inc. now owns 3,579 shares of the exchange traded fund’s stock worth $1,829,000 after acquiring an additional 28 shares during the last quarter. HBW Advisory Services LLC lifted its position in Invesco QQQ by 3.4% during the fourth quarter. HBW Advisory Services LLC now owns 54,342 shares of the exchange traded fund’s stock worth $27,781,000 after acquiring an additional 1,794 shares during the last quarter. Finally, Praetorian Wealth Management Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $212,000. 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.