Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) were up 0.3% on Wednesday . The company traded as high as $481.06 and last traded at $472.94. Approximately 17,413,305 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 35,034,368 shares. The stock had previously closed at $471.60.
Invesco QQQ Trading Up 0.6 %
The stock has a 50 day moving average price of $514.89 and a two-hundred day moving average price of $504.08. The company has a market cap of $304.27 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.
Invesco QQQ Announces Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Institutional Trading of Invesco QQQ
Large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in 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 Invesco QQQ by 121.6% during the 4th 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 in the last quarter. Senator Investment Group LP bought a new position in Invesco QQQ during the 4th quarter worth about $679,936,000. Finally, Artemis Wealth Advisors LLC increased its holdings in Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after purchasing an additional 895,277 shares in the last quarter. Institutional investors 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.
Further Reading
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