Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price was down 3.5% during mid-day trading on Friday . The company traded as low as $426.10 and last traded at $434.77. Approximately 40,197,643 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 35,344,259 shares. The stock had previously closed at $450.66.
Invesco QQQ Trading Down 6.2 %
The firm's 50 day simple moving average is $501.45 and its two-hundred day simple moving average is $504.58. The firm has a market cap of $267.89 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.
Institutional Trading of Invesco QQQ
Institutional investors have recently modified their holdings of the stock. Stephens Consulting LLC increased its holdings in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after buying an additional 19 shares during the period. Cardinal Point Capital Management ULC raised its position in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after purchasing an additional 20 shares in the last quarter. Hoese & Co LLP increased its stake in shares of Invesco QQQ by 32.3% in the 4th 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 during the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after buying an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC raised its stake in Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after acquiring 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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