Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $402.39 and last traded at $405.93, with a volume of 24044277 shares changing hands. The stock had previously closed at $422.67.
Invesco QQQ Price Performance
The stock has a market capitalization of $283.95 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The stock has a 50-day moving average of $490.33 and a 200 day moving average of $502.44.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.
Hedge Funds Weigh In On Invesco QQQ
A number of hedge funds and other institutional investors have recently bought and sold shares of QQQ. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% during 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 period. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter worth $37,000. Finally, Hoese & Co LLP raised its stake 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 buying an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Company Profile
(
Get Free Report)
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.
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