Invesco QQQ (NASDAQ:QQQ - Get Free Report) shares traded down 1.3% during trading on Wednesday . The stock traded as low as $462.43 and last traded at $469.34. 15,096,693 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 36,373,425 shares. The stock had previously closed at $475.53.
Invesco QQQ Stock Up 1.4 %
The company has a market cap of $306.03 billion, a PE ratio of 28.58 and a beta of 1.11. The firm has a 50 day simple moving average of $470.05 and a 200-day simple moving average of $499.54.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
Institutional Investors Weigh In On Invesco QQQ
A number of hedge funds and other institutional investors have recently bought and sold shares of QQQ. McIlrath & Eck LLC raised its position in shares of Invesco QQQ by 15.9% in the 3rd quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund's stock valued at $9,868,000 after purchasing an additional 2,767 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in 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 last quarter. GAMMA Investing LLC raised its stake in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock valued at $1,712,000 after buying an additional 2,059 shares during the last quarter. NRI Wealth Management LC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $28,729,000. Finally, First Citizens Financial Corp boosted its stake in shares of Invesco QQQ by 5.0% in the fourth quarter. First Citizens Financial Corp now owns 4,266 shares of the exchange traded fund's stock worth $2,181,000 after buying an additional 203 shares during the last quarter. 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.
Further Reading
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
