Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price traded down 2.9% during mid-day trading on Friday . The company traded as low as $444.47 and last traded at $446.31. 24,416,967 shares traded hands during trading, a decline of 40% from the average session volume of 40,370,508 shares. The stock had previously closed at $459.66.
Invesco QQQ Stock Down 2.4 %
The company has a 50 day moving average price of $475.15 and a two-hundred day moving average price of $449.19.
Invesco QQQ Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, June 24th. This is a boost from Invesco QQQ's previous quarterly dividend of $0.57.
Institutional Trading of Invesco QQQ
A number of hedge funds have recently bought and sold shares of QQQ. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the first quarter valued at about $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter valued at about $30,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ during the first quarter valued at about $29,000. Legacy Bridge LLC grew its holdings in Invesco QQQ by 800.0% during 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 during the period. Finally, Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
About Invesco QQQ
(
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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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