Shares of Invesco QQQ (
NASDAQ:QQQ -
Get Free Report) traded up 1.3% on Tuesday . The company traded as high as $682.77 and last traded at $681.5740. 35,539,412 shares were traded during mid-day trading, a decline of 40% from the average session volume of 59,365,289 shares. The stock had previously closed at $672.88.
Key Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
Invesco QQQ Price Performance
The business has a fifty day simple moving average of $610.87 and a two-hundred day simple moving average of $614.18.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the third quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Invesco QQQ in the fourth quarter worth about $25,000. Shcp LLC bought a new position in shares of Invesco QQQ in the third quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock worth $28,000 after buying an additional 43 shares during the period. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $29,000. 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.
See Also
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