Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s share price rose 0.7% during trading on Monday . The company traded as high as $453.81 and last traded at $453.71. Approximately 8,584,874 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 40,989,398 shares. The stock had previously closed at $450.41.
Invesco QQQ Stock Performance
The stock’s 50-day moving average is $473.92 and its 200 day moving average is $450.94.
Invesco QQQ Increases Dividend
The firm also recently declared 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. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.66%.
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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