Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price traded up 1.2% during trading on Wednesday . The stock traded as high as $424.94 and last traded at $420.95. 30,212,165 shares traded hands during trading, a decline of 17% from the average session volume of 36,231,788 shares. The stock had previously closed at $416.06.
Invesco QQQ Stock Performance
The firm has a market cap of $283.95 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The business has a fifty day moving average of $490.33 and a two-hundred day moving average of $502.44.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.
Institutional Investors Weigh In On Invesco QQQ
Several institutional investors and hedge funds have recently made changes to their positions in QQQ. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at $37,000. Finally, Hoese & Co LLP increased its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other 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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