Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price dropped 0.1% on Tuesday . The company traded as low as $493.64 and last traded at $495.41. Approximately 7,545,635 shares changed hands during trading, a decline of 81% from the average daily volume of 39,940,469 shares. The stock had previously closed at $496.15.
Invesco QQQ Price Performance
The business's fifty day moving average price is $470.39 and its 200-day moving average price is $444.01.
Invesco QQQ Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.61%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th.
Institutional Investors Weigh In On Invesco QQQ
A number of institutional investors and hedge funds have recently modified their holdings of QQQ. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the first quarter valued at approximately $29,000. Legacy Bridge LLC raised its stake in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $35,000. Finally, Red Tortoise LLC raised its stake in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock valued at $39,000 after purchasing an additional 74 shares in the last quarter. 44.58% of the stock is 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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