Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s stock price dropped 3% on Monday . The company traded as low as $423.84 and last traded at $435.13. Approximately 33,349,828 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 40,604,641 shares. The stock had previously closed at $448.75.
Invesco QQQ Price Performance
The company has a 50 day moving average price of $475.15 and a 200 day moving average price of $449.77.
Invesco QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.70%.
Hedge Funds 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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