Invesco QQQ (NASDAQ:QQQ – Get Free Report) fell 2.3% on Wednesday . The company traded as low as $484.46 and last traded at $485.17. 14,821,478 shares changed hands during trading, a decline of 63% from the average session volume of 39,891,102 shares. The stock had previously closed at $496.34.
Invesco QQQ Trading Up 0.2 %
The stock’s 50 day simple moving average is $471.99 and its two-hundred day simple moving average is $444.52.
Invesco QQQ Increases Dividend
The firm also recently announced 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 is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%.
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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