Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price traded up 0.4% on Friday . The stock traded as high as $475.13 and last traded at $475.00. 6,144,902 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 40,292,320 shares. The stock had previously closed at $473.22.
Invesco QQQ Price Performance
The firm's fifty day moving average price is $470.09 and its two-hundred day moving average price is $457.07.
Invesco QQQ Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a $0.7615 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.64%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the first quarter worth $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ in the first quarter worth $29,000. Mechanics Financial Corp purchased a new position in Invesco QQQ in the second quarter worth $30,000. Legacy Bridge LLC grew its position in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the fourth quarter valued at about $35,000. 44.58% of the stock is currently owned by hedge funds and other 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.
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