Invesco QQQ (NASDAQ:QQQ – Get Free Report) dropped 1.1% on Monday . The company traded as low as $470.11 and last traded at $470.14. Approximately 6,948,808 shares traded hands during trading, a decline of 83% from the average daily volume of 40,234,023 shares. The stock had previously closed at $475.34.
Invesco QQQ Stock Performance
The company has a 50 day simple moving average of $470.09 and a 200-day simple moving average of $457.36.
Invesco QQQ Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a $0.7615 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.64%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.
Institutional Inflows and Outflows
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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