Invesco QQQ (NASDAQ:QQQ – Get Free Report) announced a dividend on Monday, March 24th, NASDAQ Dividends reports. Shareholders 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 is Monday, March 24th.
Invesco QQQ Stock Up 2.0 %
Shares of NASDAQ:QQQ traded up $9.82 during trading on Monday, hitting $490.66. The stock had a trading volume of 34,375,719 shares, compared to its average volume of 34,902,808. The company has a market capitalization of $309.24 billion, a PE ratio of 30.74 and a beta of 1.11. The firm’s fifty day moving average is $511.30 and its 200 day moving average is $504.45. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Invesco QQQ stock. Revolve Wealth Partners LLC grew its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,257 shares of the exchange traded fund’s stock after acquiring 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. 44.58% of the stock is owned by hedge funds and other institutional investors.
About Invesco QQQ
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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