Invesco QQQ (NASDAQ:QQQ - Get Free Report) shares traded up 0.2% on Friday . The stock traded as high as $469.49 and last traded at $468.51. 12,614,866 shares traded hands during trading, a decline of 72% from the average session volume of 44,525,922 shares. The stock had previously closed at $467.35.
Invesco QQQ Price Performance
The firm has a market cap of $299.44 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The firm's fifty day moving average is $474.40 and its 200-day moving average is $500.13.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.
Institutional Trading of Invesco QQQ
Several large investors have recently modified their holdings of the stock. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ during the 4th quarter worth approximately $37,000. Finally, Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
About Invesco QQQ
(
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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.
Further Reading
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