Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0.4% - Here's What Happened

The stock price of Invesco QQQ (NASDAQ:QQQ) increased by 0.4% during mid-day trading on Monday. It reached a high of $538.84 before settling at $538.15. During this trading session, a total of 17,824,816 shares were exchanged, which reflects a decline of 42% compared to the average daily trading volume of 30,763,604 shares. The previous closing price for Invesco QQQ was $535.90.

Invesco QQQ Stock Up 0.4%

The stock has a fifty-day simple moving average of $522.38 and a two-hundred day simple moving average of $498.34, indicating an upward trend over time.

Invesco QQQ Dividend Announcement

The company also made a recent dividend announcement. A dividend of $0.8347 was paid on December 31st to shareholders recorded on December 23rd. The ex-dividend date was set for December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently adjusted their holdings in QQQ. For instance, GAMMA Investing LLC increased its stake by 159.6% in the fourth quarter, now owning 3,349 shares valued at $1,712,000 after buying an additional 2,059 shares. Principal Financial Group Inc. raised its holdings by 141.0% in the third quarter, accumulating 19,399 shares valued at $9,468,000 after acquiring 11,351 more shares. Socha Financial Group LLC increased its stake by 2.4% in the third quarter, bringing its total to 91,650 shares valued at $44,732,000 after purchasing 2,171 additional shares. NRI Wealth Management LC acquired a new stake worth approximately $28,729,000 in the fourth quarter. Furthermore, Garden State Investment Advisory Services LLC raised its holdings by 13.1% in the third quarter, now owning 30,990 shares valued at $15,169,000 following the acquisition of 3,581 more shares. Overall, 44.58% of Invesco QQQ is currently held by hedge funds and institutional investors.

About Invesco QQQ

Invesco QQQ is a unit investment trust that offers Nasdaq-100 Index Tracking Stock. Its main investment aim is to deliver results that generally mirror the price and yield performance of the Nasdaq-100 Index. The trust allows investors to buy units that represent proportionate undivided interests in the securities portfolio held by the trust, which includes nearly all of the securities in the same proportion as those in the Nasdaq-100 Index.

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