Invesco QQQ (NASDAQ:QQQ - Get Free Report) rose 1.5% on Monday . The stock traded as high as $535.06 and last traded at $534.85. Approximately 12,799,695 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 38,333,102 shares. The stock had previously closed at $526.96.
Invesco QQQ Trading Up 1.4%
The firm has a market cap of $334.81 billion, a P/E ratio of 32.66 and a beta of 1.11. The company's 50-day moving average is $494.94 and its two-hundred day moving average is $502.90.
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 dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
Hedge Funds Weigh In On Invesco QQQ
Several hedge funds have recently modified their holdings of QQQ. Wilkins Miller Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $1,018,000. Synergy Investment Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $723,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $815,000. Tandem Investment Partners LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $4,623,000. Finally, Gemsstock Ltd. grew its stake 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 buying an additional 213,400 shares in the last quarter. Institutional investors own 44.58% of the company's stock.
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.
Further Reading
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