Invesco QQQ (NASDAQ:QQQ - Get Free Report) traded up 1.4% during mid-day trading on Tuesday . The company traded as high as $515.22 and last traded at $514.94. 19,093,903 shares traded hands during trading, a decline of 48% from the average session volume of 36,484,205 shares. The stock had previously closed at $507.85.
Invesco QQQ Trading Down 0.0%
The company has a market capitalization of $324.23 billion, a P/E ratio of 30.62 and a beta of 1.18. The business's fifty day moving average price is $468.98 and its 200-day moving average price is $499.70.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders 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
Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in Invesco QQQ by 141.0% during 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 acquiring an additional 11,351 shares in the last quarter. Wealth Group Ltd. increased its position in shares of Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after purchasing an additional 102 shares in the last quarter. RMR Wealth Builders increased its position in shares of Invesco QQQ by 1.2% during the fourth quarter. RMR Wealth Builders now owns 11,446 shares of the exchange traded fund's stock worth $5,852,000 after purchasing an additional 131 shares in the last quarter. Greenfield Savings Bank boosted its holdings in Invesco QQQ by 5.7% in the fourth quarter. Greenfield Savings Bank now owns 7,487 shares of the exchange traded fund's stock valued at $3,828,000 after purchasing an additional 406 shares during the last quarter. Finally, Johnson & White Wealth Management LLC boosted its stake in shares of Invesco QQQ by 5.0% during the 4th quarter. Johnson & White Wealth Management LLC now owns 1,114 shares of the exchange traded fund's stock worth $568,000 after acquiring an additional 53 shares in 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.
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