Invesco QQQ (NASDAQ:QQQ) Stock Price Down 0.8% – Time to Sell?

Invesco QQQ (NASDAQ:QQQ)’s stock price traded down 0.8% on Thursday . The company traded as low as $532.46 and last traded at $535.18. 8,327,361 shares changed hands during trading, a decline of 72% from the average session volume of 29,483,059 shares. The stock had previously closed at $539.52.

Invesco QQQ Price Performance

The business has a fifty day moving average of $523.39 and a 200-day moving average of $500.70.

Invesco QQQ Dividend Announcement

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

Institutional Investors Weigh In On Invesco QQQ

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ during the 4th quarter valued at $37,000. Finally, Hoese & Co LLP boosted its holdings in 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 acquiring 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.