Shares of Invesco QQQ (NASDAQ:QQQ – Get Free Report) traded down 1.9% on Thursday . The company traded as low as $486.46 and last traded at $487.01. 10,059,420 shares traded hands during trading, a decline of 74% from the average session volume of 38,512,809 shares. The stock had previously closed at $496.38.
Invesco QQQ Trading Up 0.7 %
The stock has a 50 day moving average price of $481.80 and a two-hundred day moving average price of $468.54.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%.
Institutional Investors 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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