Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price rose 0.1% during trading on Wednesday . The company traded as high as $536.57 and last traded at $536.53. Approximately 4,618,417 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 37,012,973 shares. The stock had previously closed at $535.80.
Invesco QQQ Price Performance
The company has a 50-day moving average price of $505.84 and a two-hundred day moving average price of $485.36.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, September 23rd.
Institutional Investors Weigh In On Invesco QQQ
A number of hedge funds have recently added to or reduced their stakes in QQQ. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ during the third quarter valued at about $62,000. Bray Capital Advisors boosted its holdings in Invesco QQQ by 78.0% during the second quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund's stock worth $70,000 after purchasing an additional 64 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund's stock worth $71,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
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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