Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s stock price rose 0.8% on Friday . The company traded as high as $487.20 and last traded at $485.43. 8,051,962 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 40,849,363 shares. The stock had previously closed at $481.61.
Invesco QQQ Stock Performance
The firm has a 50 day moving average price of $454.85 and a two-hundred day moving average price of $436.54.
Invesco QQQ Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be paid a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is 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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