Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $449.81 and last traded at $449.72, with a volume of 11630870 shares changing hands. The stock had previously closed at $445.93.
Invesco QQQ Trading Up 1.6 %
The stock has a fifty day simple moving average of $436.91 and a 200 day simple moving average of $417.22.
Invesco QQQ Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.51%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund's stock valued at $870,000 after buying an additional 29 shares during the period. Bank Hapoalim BM raised its stake in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund's stock valued at $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC raised its stake in shares of Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund's stock valued at $1,848,000 after acquiring an additional 1,033 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund's stock valued at $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC raised its stake in shares of Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund's stock valued at $8,099,000 after acquiring an additional 16,079 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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