Invesco QQQ (NASDAQ:QQQ - Get Free Report) shares were up 0.2% on Thursday . The company traded as high as $485.89 and last traded at $485.57. Approximately 12,129,619 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 34,805,691 shares. The stock had previously closed at $484.38.
Invesco QQQ Stock Performance
The firm has a market cap of $295.55 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The firm has a fifty day simple moving average of $508.43 and a 200-day simple moving average of $505.09.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.
Institutional Investors Weigh In On Invesco QQQ
Several hedge funds have recently bought and sold shares of QQQ. Proficio Capital Partners LLC boosted its stake in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. NWI Management LP increased its holdings in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $679,936,000. Finally, Artemis Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after buying an additional 895,277 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.
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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