Invesco QQQ (NASDAQ:QQQ - Get Free Report)'s stock price shot up 0.6% during trading on Monday . The company traded as high as $455.01 and last traded at $454.41. 7,939,653 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 43,942,445 shares. The stock had previously closed at $451.76.
Invesco QQQ Price Performance
The stock has a 50-day moving average price of $437.57 and a 200 day moving average price of $419.33.
Invesco QQQ Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, March 18th.
Institutional Investors Weigh In On Invesco QQQ
A number of hedge funds and other institutional investors have recently made changes to their positions in QQQ. Strategic Wealth Partners Ltd. grew its position in Invesco QQQ by 12.1% during the first quarter. Strategic Wealth Partners Ltd. now owns 21,891 shares of the exchange traded fund's stock valued at $9,720,000 after acquiring an additional 2,356 shares during the period. Pacific Center for Financial Services grew its position in Invesco QQQ by 1.2% during the first quarter. Pacific Center for Financial Services now owns 102,725 shares of the exchange traded fund's stock valued at $45,611,000 after acquiring an additional 1,182 shares during the period. Continuum Wealth Advisors LLC purchased a new stake in Invesco QQQ during the first quarter valued at about $607,000. EMC Capital Management grew its position in Invesco QQQ by 1.6% during the first quarter. EMC Capital Management now owns 40,772 shares of the exchange traded fund's stock valued at $17,978,000 after acquiring an additional 646 shares during the period. Finally, Citizens Financial Group Inc. RI grew its position in Invesco QQQ by 6.0% during the first quarter. Citizens Financial Group Inc. RI now owns 9,344 shares of the exchange traded fund's stock valued at $4,149,000 after acquiring an additional 529 shares during the period. Hedge funds and other 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.
Featured Articles
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
