Invesco QQQ (NASDAQ:QQQ - Get Free Report) shot up 0.2% on Monday . The company traded as high as $443.14 and last traded at $423.65. 75,599,426 shares changed hands during mid-day trading, an increase of 112% from the average session volume of 35,657,367 shares. The stock had previously closed at $422.67.
Invesco QQQ Stock Performance
The stock has a market cap of $283.95 billion, a PE ratio of 30.05 and a beta of 1.11. The business has a 50 day moving average price of $490.33 and a two-hundred day moving average price of $502.54.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.
Institutional Trading of Invesco QQQ
Hedge funds have recently added to or reduced their stakes in the stock. Lake Hills Wealth Management LLC raised its holdings in shares of Invesco QQQ by 406.1% in the 1st quarter. Lake Hills Wealth Management LLC now owns 16,738 shares of the exchange traded fund's stock worth $7,849,000 after purchasing an additional 22,207 shares during the period. Joule Financial LLC increased its position in Invesco QQQ by 1.1% in the first quarter. Joule Financial LLC now owns 7,553 shares of the exchange traded fund's stock worth $3,542,000 after buying an additional 84 shares during the last quarter. LPF Advisors LLC raised its stake in shares of Invesco QQQ by 5.2% in the first quarter. LPF Advisors LLC now owns 27,849 shares of the exchange traded fund's stock valued at $13,059,000 after buying an additional 1,367 shares during the period. DKM Wealth Management Inc. lifted its position in shares of Invesco QQQ by 8.3% during the 1st quarter. DKM Wealth Management Inc. now owns 7,983 shares of the exchange traded fund's stock valued at $3,743,000 after buying an additional 609 shares during the last quarter. Finally, Blue Zone Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 5.9% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 43,727 shares of the exchange traded fund's stock worth $20,504,000 after acquiring an additional 2,431 shares during the period. Institutional investors own 44.58% of the company's stock.
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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