Invesco QQQ (NASDAQ:QQQ) Trading 0.2% Higher - Here's Why

On Tuesday, Invesco QQQ (NASDAQ:QQQ) saw its share price increase by 0.2%. The stock reached a high of $524.69 before closing at $522.98. During the trading session, approximately 9,043,764 shares changed hands, showing a significant decline of 73% from its average trading volume of 33,029,555 shares. The previous day’s closing price was $521.74.

Invesco QQQ Stock Performance

The stock's 50-day moving average price stands at $516.72, while the 200-day moving average price is $492.81.

Invesco QQQ Announces Dividend

Recently, the company declared a dividend, which was disbursed on Tuesday, December 31st. Investors who were on record as of Monday, December 23rd, received a dividend payment of $0.8347. The ex-dividend date occurred on Monday, December 23rd.

Institutional Trading of Invesco QQQ

Various hedge funds and institutional investors have been actively trading shares of QQQ. For instance, GAMMA Investing LLC increased its holdings in Invesco QQQ by 159.6% in the fourth quarter, owning 3,349 shares valued at $1,712,000 after acquiring an additional 2,059 shares. Likewise, Principal Financial Group Inc. enhanced its position by 141.0% during the third quarter, now holding 19,399 shares valued at $9,468,000 after buying an extra 11,351 shares. Moreover, Socha Financial Group LLC raised its investments by 2.4% in the same quarter, now owning 91,650 shares valued at $44,732,000 following the acquisition of an additional 2,171 shares. NRI Wealth Management LC also acquired a fresh stake in Invesco QQQ worth around $28,729,000 during the fourth quarter. Lastly, Garden State Investment Advisory Services LLC increased its holdings by 13.1% in the third quarter, now owning 30,990 shares valued at $15,169,000 after obtaining an extra 3,581 shares. Overall, institutional investors own approximately 44.58% of the stock.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The objective of the Trust is to deliver investment results that closely match the price and yield performance of the Nasdaq-100 Index. The Trust enables investors to own beneficial interests representing proportionate undivided interests in the portfolio of securities it holds, aligning closely with the component securities of the Nasdaq-100 Index.

Further Reading

For those interested in investment opportunities, here are some articles to consider:

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This summary was generated utilizing advanced narrative science technology, aimed at delivering timely and accurate financial news. The content has been reviewed for quality and accuracy.

Should You Invest $1,000 in Invesco QQQ Right Now?

Before making any investment decision regarding Invesco QQQ, it’s wise to consider the latest insights from leading Wall Street analysts. MarketBeat, which tracks top-rated research analysts daily, highlights five stocks that are highly recommended at this time, and notably, Invesco QQQ is not among them. Currently, analysts maintain a "Hold" rating on Invesco QQQ, but believe other stocks may offer better investment potential.

View The Five Stocks Here

Invesco, QQQ, Trading