Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s share price shot up 0.6% on Tuesday . The stock traded as high as $477.60 and last traded at $476.22. 8,495,889 shares were traded during mid-day trading, a decline of 79% from the average session volume of 40,134,457 shares. The stock had previously closed at $473.24.
Invesco QQQ Stock Down 0.4 %
The company has a 50 day moving average of $468.49 and a two-hundred day moving average of $457.89.
Invesco QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.
Institutional Investors 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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