Invesco QQQ (NASDAQ:QQQ - Get Free Report) was up 2% on Monday after the company announced a dividend. The stock traded as high as $490.24 and last traded at $490.36. Approximately 10,066,133 shares changed hands during trading, a decline of 71% from the average daily volume of 34,809,262 shares. The stock had previously closed at $480.84.
The newly announced dividend which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.
Invesco QQQ Price Performance
The business has a 50-day moving average of $510.12 and a 200 day moving average of $504.83. The company has a market cap of $304.05 billion, a PE ratio of 30.74 and a beta of 1.11.
Institutional Investors Weigh In On Invesco QQQ
A number of large investors have recently made changes to their positions in the company. PayPay Securities Corp increased its holdings in 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 buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $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 Invesco QQQ by 32.3% during 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. 44.58% of the stock is currently owned by institutional investors.
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.
Further Reading
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