Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded up 3.8% during mid-day trading on Wednesday . The company traded as high as $463.38 and last traded at $461.17. 22,767,939 shares traded hands during trading, a decline of 38% from the average session volume of 36,474,662 shares. The stock had previously closed at $444.48.
Invesco QQQ Stock Performance
The firm has a market cap of $299.88 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The business has a fifty day moving average of $475.73 and a two-hundred day moving average of $500.14.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.
Hedge Funds Weigh In On Invesco QQQ
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PayPay Securities Corp increased its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $37,000. Finally, Hoese & Co LLP lifted its stake in shares of 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 buying an additional 20 shares during the period. Institutional investors and hedge funds 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.
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