Invesco QQQ (NASDAQ:QQQ - Get Free Report) shot up 0.6% during mid-day trading on Monday . The stock traded as high as $499.63 and last traded at $499.52. 6,696,074 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 38,111,906 shares. The stock had previously closed at $496.57.
Invesco QQQ Stock Performance
The business has a 50-day moving average price of $489.33 and a 200 day moving average price of $474.83.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, September 23rd.
Institutional Trading of Invesco QQQ
Large investors have recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ in the first quarter valued at $40,000. CGC Financial Services LLC raised its holdings in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock valued at $44,000 after buying an additional 81 shares during the last quarter. Finally, Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after acquiring an additional 45 shares during the last quarter. 44.58% of the stock is owned by institutional investors.
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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