Invesco QQQ (NASDAQ:QQQ - Get Free Report) shares were up 0.2% during mid-day trading on Wednesday . The stock traded as high as $473.27 and last traded at $473.41. Approximately 10,239,114 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 35,056,552 shares. The stock had previously closed at $472.70.
Invesco QQQ Stock Down 4.3 %
The business's fifty day moving average is $505.23 and its 200-day moving average is $505.09. The stock has a market capitalization of $289.00 billion, a PE ratio of 30.05 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. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is Monday, March 24th.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. grew its position in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after acquiring an additional 46 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Invesco QQQ in the third quarter worth $791,000. Ingalls & Snyder LLC increased its stake in Invesco QQQ by 7.4% during the third quarter. Ingalls & Snyder LLC now owns 3,161 shares of the exchange traded fund's stock valued at $1,543,000 after purchasing an additional 219 shares during the last quarter. Murchinson Ltd. acquired a new stake in shares of Invesco QQQ during the third quarter worth $30,504,000. Finally, Polymer Capital Management HK LTD lifted its position in shares of Invesco QQQ by 23.3% in the 3rd quarter. Polymer Capital Management HK LTD now owns 1,911 shares of the exchange traded fund's stock worth $933,000 after buying an additional 361 shares during the last quarter. 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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