Invesco QQQ (NASDAQ:QQQ - Get Free Report) shot up 0.3% during mid-day trading on Monday . The company traded as high as $433.76 and last traded at $432.46. 10,362,009 shares traded hands during trading, a decline of 77% from the average session volume of 45,682,813 shares. The stock had previously closed at $431.00.
Invesco QQQ Stock Performance
The firm's fifty day moving average is $436.88 and its 200 day moving average is $410.68.
Invesco QQQ Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.
Institutional Trading of Invesco QQQ
Institutional investors have recently added to or reduced their stakes in the company. Kensington Asset Management LLC raised its stake in Invesco QQQ by 3.4% in the 1st quarter. Kensington Asset Management LLC now owns 1,033,915 shares of the exchange traded fund's stock worth $459,069,000 after purchasing an additional 34,140 shares in the last quarter. Wealthspan Partners LLC increased its holdings in shares of Invesco QQQ by 5.2% during the first quarter. Wealthspan Partners LLC now owns 2,892 shares of the exchange traded fund's stock worth $1,284,000 after purchasing an additional 143 shares during the period. American Capital Advisory LLC raised its position in shares of Invesco QQQ by 43.5% in the first quarter. American Capital Advisory LLC now owns 231 shares of the exchange traded fund's stock valued at $103,000 after buying an additional 70 shares in the last quarter. PBMares Wealth Management LLC raised its position in shares of Invesco QQQ by 1.4% in the first quarter. PBMares Wealth Management LLC now owns 4,071 shares of the exchange traded fund's stock valued at $1,807,000 after buying an additional 57 shares in the last quarter. Finally, RAM Investment Partners LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at approximately $277,000. 44.58% of the stock is currently owned by institutional investors.
About Invesco QQQ
(
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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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