Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s stock price rose 1% on Tuesday . The company traded as high as $491.61 and last traded at $491.05. Approximately 5,914,401 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 38,412,383 shares. The stock had previously closed at $486.01.
Invesco QQQ Trading Up 1.2 %
The company’s 50-day moving average is $482.01 and its two-hundred day moving average is $469.55.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.
Hedge Funds Weigh In On Invesco QQQ
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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