Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $528.32 and last traded at $528.23, with a volume of 6183970 shares changing hands. The stock had previously closed at $520.60.
Invesco QQQ Trading Up 1.8 %
The company's 50-day moving average is $501.06 and its 200 day moving average is $482.65.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, September 23rd.
Hedge Funds Weigh In On Invesco QQQ
A number of institutional investors have recently bought and sold shares of QQQ. Northeast Investment Management boosted its position in Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund's stock worth $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp boosted its position in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund's stock worth $146,000 after purchasing an additional 20 shares during the period. Skyline Advisors Inc. boosted its position in Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund's stock worth $215,000 after purchasing an additional 21 shares during the period. Madden Advisory Services Inc. boosted its position in Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund's stock worth $1,214,000 after purchasing an additional 21 shares during the period. Finally, Meridian Management Co. boosted its position in Invesco QQQ by 0.6% during the third quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund's stock worth $1,640,000 after purchasing an additional 21 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.
About Invesco QQQ
(
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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