Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s share price traded down 0.1% during trading on Wednesday . The company traded as low as $487.57 and last traded at $490.53. 6,797,507 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 39,060,172 shares. The stock had previously closed at $490.85.
Invesco QQQ Stock Performance
The firm’s 50 day simple moving average is $476.80 and its 200 day simple moving average is $464.48.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.
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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