Shares of Invesco QQQ (NASDAQ:QQQ - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $456.52 and last traded at $455.91, with a volume of 1799568 shares. The stock had previously closed at $455.80.
Invesco QQQ Stock Performance
The stock's 50-day moving average is $438.48 and its 200-day moving average is $420.84.
Invesco QQQ Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 18th.
Institutional Investors Weigh In On Invesco QQQ
Several institutional investors and hedge funds have recently bought and sold shares of QQQ. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $29,000. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter worth about $35,000. Finally, Red Tortoise LLC grew its holdings in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock worth $39,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
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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