Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s share price rose 0.3% during trading on Wednesday . The stock traded as high as $518.92 and last traded at $517.09. Approximately 15,325,146 shares changed hands during trading, a decline of 58% from the average daily volume of 36,594,474 shares. The stock had previously closed at $515.59.
Invesco QQQ Stock Performance
The firm has a market capitalization of $324.22 billion, a price-to-earnings ratio of 30.62 and a beta of 1.18. The stock's fifty day moving average is $469.91 and its two-hundred day moving average is $499.86.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
Hedge Funds Weigh In On Invesco QQQ
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PayPay Securities Corp raised its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after buying an additional 36 shares during the period. 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 stake in shares of Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $37,000. Finally, Hoese & Co LLP raised its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after buying an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors.
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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