Invesco QQQ (NASDAQ:QQQ - Get Free Report) shares were up 0.3% during trading on Thursday . The company traded as high as $517.54 and last traded at $514.65. Approximately 18,571,529 shares traded hands during trading, a decline of 50% from the average daily volume of 37,074,086 shares. The stock had previously closed at $513.04.
Invesco QQQ Stock Up 0.3%
The firm has a 50-day simple moving average of $473.52 and a 200 day simple moving average of $500.61. The company has a market cap of $322.52 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Hedge Funds Weigh In On Invesco QQQ
A number of institutional investors and hedge funds have recently made changes to their positions in QQQ. PayPay Securities Corp boosted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth about $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $51,000. 44.58% of the stock is owned by institutional investors and hedge funds.
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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