Invesco QQQ (NASDAQ:QQQ – Get Free Report) was down 0.1% on Wednesday . The company traded as low as $487.57 and last traded at $490.53. Approximately 6,797,507 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 39,060,172 shares. The stock had previously closed at $490.85.
Invesco QQQ Stock Performance
The stock’s 50-day moving average price is $474.82 and its 200-day moving average price is $464.10.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.
Institutional Inflows and Outflows
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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