Shares of Invesco QQQ (NASDAQ:QQQ – Get Free Report) fell 1.2% during trading on Wednesday . The company traded as low as $452.73 and last traded at $452.93. 11,400,764 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 40,222,730 shares. The stock had previously closed at $458.66.
Invesco QQQ Trading Up 1.0 %
The company has a fifty day moving average price of $470.51 and a two-hundred day moving average price of $456.80.
Invesco QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.
Institutional Investors 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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