Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s stock price shot up 1.2% during mid-day trading on Friday . The company traded as high as $482.74 and last traded at $480.78. 11,098,596 shares traded hands during trading, a decline of 73% from the average session volume of 40,555,234 shares. The stock had previously closed at $474.85.
Invesco QQQ Trading Up 1.1 %
The stock’s 50-day moving average is $475.08 and its 200-day moving average is $453.62.
Invesco QQQ Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.
Institutional Trading of 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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