Shares of Invesco QQQ (NASDAQ:QQQ – Get Free Report) shot up 0% during mid-day trading on Monday . The company traded as high as $515.58 and last traded at $514.25. 7,800,461 shares were traded during mid-day trading, a decline of 80% from the average session volume of 38,275,055 shares. The stock had previously closed at $514.14.
Invesco QQQ Stock Performance
The stock has a 50-day simple moving average of $486.39 and a 200 day simple moving average of $473.15.
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 0.53%.
Institutional Inflows and Outflows
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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