Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price traded down 1.2% during trading on Thursday . The stock traded as low as $491.65 and last traded at $495.77. 16,077,717 shares changed hands during trading, a decline of 54% from the average session volume of 34,841,349 shares. The stock had previously closed at $502.01.
Invesco QQQ Stock Performance
The company has a market capitalization of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11. The firm's fifty day moving average is $518.84 and its 200 day moving average is $503.99.
Invesco QQQ Announces Dividend
The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.
Hedge Funds Weigh In On Invesco QQQ
Several hedge funds have recently added to or reduced their stakes in the company. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter worth about $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ in the 4th quarter worth about $37,000. Finally, Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by 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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