Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) were down 0% on Thursday . The stock traded as low as $515.17 and last traded at $518.49. Approximately 13,196,277 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 36,635,500 shares. The stock had previously closed at $518.68.
Invesco QQQ Trading Up 0.5%
The firm has a 50-day simple moving average of $468.98 and a two-hundred day simple moving average of $499.70. The company has a market capitalization of $325.83 billion, a price-to-earnings ratio of 30.62 and a beta of 1.18.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after purchasing an additional 11,351 shares during the period. Synergy Investment Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $723,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ in the 4th quarter valued at $815,000. Tandem Investment Partners LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $4,623,000. Finally, Gemsstock Ltd. raised its position in Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
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.
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