Shares of Invesco QQQ (NASDAQ:QQQ – Get Free Report) traded down 0.1% during trading on Wednesday . The stock traded as low as $496.64 and last traded at $499.54. 7,965,809 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 38,544,535 shares. The stock had previously closed at $500.16.
Invesco QQQ Stock Performance
The stock’s 50 day moving average is $481.65 and its two-hundred day moving average is $468.15.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.
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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