Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s stock price shot up 0.8% during trading on Monday . The stock traded as high as $498.88 and last traded at $498.63. 6,258,397 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 39,996,453 shares. The stock had previously closed at $494.82.
Invesco QQQ Price Performance
The company’s fifty day simple moving average is $468.15 and its 200 day simple moving average is $442.80.
Invesco QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be issued a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, June 24th.
Hedge Funds 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.
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