Invesco QQQ (NASDAQ:QQQ) Declares $0.22 Dividend

Invesco QQQ (NASDAQ:QQQ - Get Free Report) announced a dividend on Tuesday, December 26th, NASDAQ reports. Investors of record on Thursday, December 28th will be paid a dividend of 0.2158 per share by the exchange traded fund on Monday, January 15th. The ex-dividend date of this dividend is Wednesday, December 27th.

Invesco QQQ Stock Up 0.2 %

QQQ traded up $0.84 during midday trading on Wednesday, hitting $411.50. The company's stock had a trading volume of 31,946,027 shares, compared to its average volume of 52,535,977. Invesco QQQ has a 52-week low of $259.73 and a 52-week high of $411.79. The firm has a 50-day moving average price of $382.06 and a two-hundred day moving average price of $373.69.

Hedge Funds Weigh In On Invesco QQQ

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund's stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund's stock valued at $11,580,806,000 after purchasing an additional 43,463,232 shares in the last quarter. Morgan Stanley increased its position in Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund's stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares in the last quarter. Imprint Wealth LLC increased its position in Invesco QQQ by 41,946.7% during the 2nd quarter. Imprint Wealth LLC now owns 602,949 shares of the exchange traded fund's stock worth $60,295,000 after purchasing an additional 601,515 shares in the last quarter. Finally, Mariner LLC raised its holdings in Invesco QQQ by 111.4% in the fourth quarter. Mariner LLC now owns 551,931 shares of the exchange traded fund's stock valued at $146,968,000 after buying an additional 290,882 shares during the period. Institutional investors and hedge funds own 43.95% of the company's stock.

Invesco QQQ Company Profile

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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