Invesco QQQ (NASDAQ:QQQ) Declares Dividend of $0.72

Invesco QQQ (NASDAQ:QQQ) declared a dividend on Monday, March 24th, NASDAQ Dividends reports. Investors of record on Monday, March 24th will be given a dividend of 0.7157 per share by the exchange traded fund on Wednesday, April 30th. The ex-dividend date is Monday, March 24th.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $490.66 on Tuesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The stock has a market capitalization of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The stock’s 50-day simple moving average is $511.00 and its two-hundred day simple moving average is $504.66.

Institutional Trading of Invesco QQQ

A hedge fund recently raised its stake in Invesco QQQ stock. Brighton Jones LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 15.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,348 shares of the exchange traded fund’s stock after acquiring an additional 4,989 shares during the period. Invesco QQQ comprises approximately 0.6% of Brighton Jones LLC’s holdings, making the stock its 28th largest position. Brighton Jones LLC’s holdings in Invesco QQQ were worth $19,605,000 as of its most recent SEC filing. 44.58% of the stock is owned by institutional investors and hedge funds.

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.