Invesco QQQ Plans Quarterly Dividend of $0.73 (NASDAQ:QQQ)

Invesco QQQ (NASDAQ:QQQ) declared a quarterly dividend on Monday, March 23rd. Shareholders of record on Monday, March 23rd will be given a dividend of 0.7328 per share by the exchange traded fund on Friday, March 27th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, March 23rd.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $5.94 during trading hours on Monday, reaching $588.00. 89,282,095 shares of the company were exchanged, compared to its average volume of 64,953,816. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The business’s 50 day simple moving average is $610.46 and its 200-day simple moving average is $609.78.

Institutional Investors Weigh In On Invesco QQQ

A number of large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares in the last quarter. Jupiter Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $290,000. Wealth Group Ltd. lifted its stake in shares of Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Invesco QQQ by 145.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 324,636 shares of the exchange traded fund’s stock valued at $179,000 after purchasing an additional 192,419 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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.