Invesco QQQ (NASDAQ:QQQ) to Issue $0.72 Dividend

Invesco QQQ (NASDAQ:QQQ) announced a dividend on Monday, March 24th, NASDAQ Dividends reports. Stockholders of record on Monday, March 24th will be given a dividend of 0.7157 per share by the exchange traded fund on Wednesday, April 30th. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Trading Up 2.0 %

QQQ traded up $9.82 during trading on Monday, hitting $490.66. 34,375,719 shares of the company’s stock traded hands, compared to its average volume of 34,902,808. The stock has a market capitalization of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The company’s 50 day simple moving average is $511.30 and its two-hundred day simple moving average is $504.45. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Institutional Investors Weigh In On Invesco QQQ

A hedge fund recently raised its stake in Invesco QQQ stock. Revolve Wealth Partners LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,257 shares of the exchange traded fund’s stock after buying an additional 176 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Invesco QQQ were worth $2,687,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 44.58% 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.