Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $568.38 and last traded at $568.79, with a volume of 2383153 shares. The stock had previously closed at $566.37.
Invesco QQQ Stock Down 0.5%
The company has a 50 day simple moving average of $542.10 and a two-hundred day simple moving average of $509.98.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Compass Financial Services Inc raised its stake in Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after buying an additional 19 shares in the last quarter. Legacy Investment Solutions LLC raised its stake in Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after buying an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in Invesco QQQ by 0.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after buying an additional 20 shares in the last quarter. Vermillion Wealth Management Inc. raised its stake in Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock valued at $271,000 after buying an additional 20 shares in the last quarter. Finally, Barrett & Company Inc. raised its stake in Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock valued at $85,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Company Profile
(
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.
Further Reading
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