Shares of Invesco QQQ (NASDAQ:QQQ – Get Free Report) shot up 0.2% during trading on Tuesday . The stock traded as high as $477.05 and last traded at $476.49. 7,586,685 shares traded hands during trading, a decline of 81% from the average session volume of 40,427,305 shares. The stock had previously closed at $475.34.
Invesco QQQ Stock Down 1.1 %
The stock’s 50 day moving average is $474.72 and its 200 day moving average is $454.35.
Invesco QQQ Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.65%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.
Institutional Investors Weigh In On Invesco QQQ
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.
Featured Stories
- Five stocks we like better than Invesco QQQ
- 3 Tickers Leading a Meme Stock Revival
- Bath & Body Works Rebound Ahead? Why Analysts Remain Optimistic
- Overbought Stocks Explained: Should You Trade Them?
- 3 Stocks to Watch as the Dollar Declines to a 7-Month Low
- How to Use the MarketBeat Excel Dividend Calculator
- MGM Insiders Bet Big on Its Undervalued Stock
Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.