Invesco QQQ (NASDAQ:QQQ – Get Free Report) dropped 0.2% on Monday . The stock traded as low as $476.26 and last traded at $478.17. Approximately 8,775,481 shares were traded during trading, a decline of 78% from the average daily volume of 40,807,406 shares. The stock had previously closed at $479.11.
Invesco QQQ Stock Performance
The stock’s 50 day simple moving average is $454.85 and its two-hundred day simple moving average is $436.77.
Invesco QQQ Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a dividend of $0.7615 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.
Hedge Funds Weigh In On 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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