Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $543.31 and last traded at $542.07, with a volume of 5811570 shares changing hands. The stock had previously closed at $539.78.
Invesco QQQ Stock Up 0.9%
The business has a 50-day moving average of $505.63 and a 200-day moving average of $503.71.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
Institutional Investors Weigh In On Invesco QQQ
Institutional investors have recently made changes to their positions in the stock. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth about $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ during the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA bought a new position in shares of Invesco QQQ during the 4th quarter worth about $57,000. 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.
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