Invesco QQQ (NASDAQ:QQQ - Get Free Report) was down 0.3% during trading on Wednesday . The company traded as low as $492.57 and last traded at $493.93. Approximately 14,400,886 shares changed hands during trading, a decline of 59% from the average daily volume of 34,878,734 shares. The stock had previously closed at $495.55.
Invesco QQQ Trading Down 3.7 %
The business has a 50-day moving average price of $518.84 and a 200 day moving average price of $504.14. The stock has a market capitalization of $298.34 billion, a P/E ratio of 33.43 and a beta of 1.11.
Invesco QQQ Dividend Announcement
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Institutional Trading of Invesco QQQ
Several hedge funds and other institutional investors have recently bought and sold shares of QQQ. Alpha Wealth Funds LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $219,000. Copia Wealth Management bought a new stake in shares of Invesco QQQ during the fourth quarter worth $326,000. Elite Financial Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $1,540,000. Arcadia Wealth Management Inc. bought a new position in shares of Invesco QQQ in the fourth quarter worth about $1,488,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Invesco QQQ in the 4th quarter worth about $193,000. 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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