Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price rose 0.7% during mid-day trading on Thursday . The company traded as high as $488.74 and last traded at $486.64. Approximately 11,172,601 shares were traded during trading, a decline of 69% from the average daily volume of 36,313,192 shares. The stock had previously closed at $483.30.
Invesco QQQ Trading Down 0.0 %
The stock has a market cap of $305.84 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The stock's 50-day moving average is $467.78 and its 200-day moving average is $499.24.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Institutional Trading of Invesco QQQ
Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after buying an additional 11,351 shares in the last quarter. Wealth Group Ltd. lifted its stake in shares of Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after acquiring an additional 102 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in Invesco QQQ by 4.4% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,115 shares of the exchange traded fund's stock valued at $1,592,000 after purchasing an additional 130 shares during the last quarter. Watts Gwilliam & Co. LLC grew its stake in Invesco QQQ by 17.4% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 10,518 shares of the exchange traded fund's stock valued at $5,419,000 after purchasing an additional 1,557 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in Invesco QQQ by 5,417.6% during the 4th quarter. Fortitude Family Office LLC now owns 9,711 shares of the exchange traded fund's stock worth $4,964,000 after purchasing an additional 9,535 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other 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
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
