Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) were up 1.2% on Friday . The stock traded as high as $531.62 and last traded at $530.86. Approximately 15,023,008 shares traded hands during trading, a decline of 60% from the average daily volume of 37,844,999 shares. The stock had previously closed at $524.79.
Invesco QQQ Stock Up 1.0%
The company's 50-day moving average is $483.20 and its 200-day moving average is $501.88. The stock has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently declared 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 of this dividend was Monday, March 24th.
Hedge Funds Weigh In On Invesco QQQ
Several large investors have recently made changes to their positions in QQQ. Farmers & Merchants Investments Inc. grew its stake in shares of Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after buying an additional 20 shares in the last quarter. RAM Investment Partners LLC grew its position in Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after acquiring an additional 20 shares in the last quarter. HighMark Wealth Management LLC increased its stake in Invesco QQQ by 5.2% during the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after purchasing an additional 20 shares during the period. Providence First Trust Co increased its stake in Invesco QQQ by 3.0% during the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after purchasing an additional 20 shares during the period. Finally, Diversified Enterprises LLC boosted its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.
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.
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