Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price rose 0.1% during trading on Thursday . The stock traded as high as $447.37 and last traded at $444.57. Approximately 12,369,996 shares were traded during trading, a decline of 66% from the average daily volume of 36,625,026 shares. The stock had previously closed at $444.18.
Invesco QQQ Price Performance
The firm has a fifty day moving average of $482.54 and a two-hundred day moving average of $501.33. The stock has a market capitalization of $276.61 billion, a P/E ratio of 28.58 and a beta of 1.18.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.
Hedge Funds Weigh In On Invesco QQQ
Several institutional investors have recently bought and sold shares of QQQ. PayPay Securities Corp lifted its stake in shares of Invesco QQQ by 276.9% during the 4th 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 last quarter. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $37,000. Finally, Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other 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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