Shares of Invesco QQQ (NASDAQ:QQQ – Get Free Report) rose 1.2% during mid-day trading on Monday . The company traded as high as $476.90 and last traded at $476.27. Approximately 33,466,398 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 40,490,172 shares. The stock had previously closed at $470.66.
Invesco QQQ Price Performance
The firm has a fifty day moving average of $473.84 and a 200 day moving average of $455.72.
Invesco QQQ Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.66%.
Institutional Trading of 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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