Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $591.79 and last traded at $591.68, with a volume of 44232160 shares. The stock had previously closed at $586.66.
Invesco QQQ Trading Up 0.5%
The business has a fifty day moving average price of $571.28 and a 200 day moving average price of $522.90.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.
Hedge Funds Weigh In On Invesco QQQ
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its stake in Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the first quarter valued at approximately $2,775,904,000. JPMorgan Chase & Co. raised its stake in Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund's stock valued at $2,700,424,000 after buying an additional 1,457,109 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Invesco QQQ by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund's stock valued at $1,778,116,000 after buying an additional 22,220 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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