Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $560.80 and last traded at $559.67, with a volume of 8753953 shares changing hands. The stock had previously closed at $556.21.
Invesco QQQ Stock Up 0.8%
The stock has a fifty day moving average price of $531.45 and a 200-day moving average price of $506.52.
Invesco QQQ Cuts Dividend
The firm also recently disclosed 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 yield of 0.42%. The ex-dividend date is Monday, June 23rd.
Hedge Funds Weigh In On Invesco QQQ
Several institutional investors and hedge funds have recently bought and sold shares of QQQ. Eagle Capital Management LLC raised its holdings in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares in the last quarter. Brighton Jones LLC increased its position in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Invesco QQQ by 8.6% during the 4th quarter. Natixis Advisors LLC now owns 29,939 shares of the exchange traded fund's stock worth $15,306,000 after purchasing an additional 2,368 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its holdings in shares of Invesco QQQ by 195.4% during the 4th quarter. Tocqueville Asset Management L.P. now owns 9,188 shares of the exchange traded fund's stock valued at $4,697,000 after buying an additional 6,078 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
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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