Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price traded up 0.4% during mid-day trading on Thursday . The company traded as high as $454.58 and last traded at $454.55. 9,695,061 shares were traded during mid-day trading, a decline of 78% from the average session volume of 44,136,680 shares. The stock had previously closed at $452.90.
Invesco QQQ Stock Performance
The firm has a 50 day moving average price of $437.19 and a two-hundred day moving average price of $417.47.
Invesco QQQ Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 18th.
Hedge Funds Weigh In On Invesco QQQ
Several institutional investors have recently modified their holdings of QQQ. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ in the 1st quarter worth approximately $29,000. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the 4th quarter worth approximately $35,000. Red Tortoise LLC lifted its position in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock valued at $39,000 after acquiring an additional 74 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in shares of Invesco QQQ in the 4th quarter worth $41,000. 44.58% of the stock is currently owned by institutional investors.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
