Wed Nov 06 11:10:00 UTC 2024: ## Invesco QQQ (QQQ) Shares Rise 0.9% on Friday, Trading Volume Drops

**Sioux Falls, SD** – Shares of Invesco QQQ (QQQ), an exchange-traded fund tracking the Nasdaq-100 Index, climbed 0.9% on Friday, closing at $488.24. The stock reached a high of $490.48 during the day.

However, trading volume was significantly lower than average, with only 10,780,917 shares changing hands, a 72% decrease from the typical 38,517,203 shares.

The company recently announced a quarterly dividend of $0.677 per share, paid on October 31st to shareholders of record as of September 23rd. This equates to an annualized dividend of $2.71 and a yield of 0.56%.

Invesco QQQ has a 50-day simple moving average of $481.80 and a 200-day simple moving average of $468.54.

**Institutional Activity**

Several institutional investors and hedge funds made notable changes to their holdings of Invesco QQQ in recent quarters.

* International Assets Investment Management LLC dramatically increased its stake by 46,491.6% in the third quarter, now owning 32,586,150 shares worth $15,904,322,000.
* Ameriprise Financial Inc. grew its position by 7.3% in the second quarter, holding 4,966,637 shares valued at $2,379,676,000.
* Steel Grove Capital Advisors LLC significantly raised its stake by 934.0% in the first quarter, now owning 3,434,759 shares valued at $1,525,067,000.
* Northwestern Mutual Wealth Management Co. boosted its position by 1.1% in the second quarter, holding 3,199,214 shares valued at $1,532,904,000.
* Strategic Financial Concepts LLC dramatically increased its stake by 18,691.3% in the second quarter, now owning 2,777,351 shares worth $13,307,000.

Institutional investors currently own 44.58% of Invesco QQQ shares.

**Analyst Opinions**

While Invesco QQQ currently holds a “hold” rating among analysts, MarketBeat highlights five other stocks that top analysts believe are stronger buys in the current market.

**Disclaimer:** The information provided is for general informational purposes only and does not constitute investment advice. Consult with a qualified professional before making any investment decisions.

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