Invesco QQQ (NASDAQ:QQQ – Get Free Report) announced a dividend on Monday, September 18th, NASDAQ reports. Investors of record on Tuesday, September 19th will be paid a dividend of 0.5389 per share by the exchange traded fund on Friday, September 22nd. The ex-dividend date of this dividend is Monday, September 18th.
Invesco QQQ Trading Down 0.0 %
Shares of NASDAQ QQQ traded down $0.15 during mid-day trading on Monday, reaching $370.66. 36,850,253 shares of the company were exchanged, compared to its average volume of 53,628,359. Invesco QQQ has a 1 year low of $254.26 and a 1 year high of $387.98. The firm has a 50-day moving average of $373.20 and a 200 day moving average of $348.47.
Institutional Investors Weigh In On Invesco QQQ
Hedge funds have recently made changes to their positions in the stock. Imprint Wealth LLC increased its position in Invesco QQQ by 13.7% during the 2nd quarter. Imprint Wealth LLC now owns 1,630 shares of the exchange traded fund’s stock valued at $603,000 after buying an additional 196 shares in the last quarter. Alliancebernstein L.P. increased its position in Invesco QQQ by 37.0% during the 2nd quarter. Alliancebernstein L.P. now owns 54,536 shares of the exchange traded fund’s stock valued at $20,147,000 after buying an additional 14,722 shares in the last quarter. Equitable Holdings Inc. increased its position in Invesco QQQ by 7.3% during the 2nd quarter. Equitable Holdings Inc. now owns 597,856 shares of the exchange traded fund’s stock valued at $220,860,000 after buying an additional 40,904 shares in the last quarter. Chicago Wealth Management Inc. acquired a new position in Invesco QQQ during the 2nd quarter valued at about $4,719,000. Finally, High Falls Advisors Inc increased its position in Invesco QQQ by 1.3% during the 2nd quarter. High Falls Advisors Inc now owns 9,332 shares of the exchange traded fund’s stock valued at $3,447,000 after buying an additional 116 shares in the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.
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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