Invesco QQQ (QQQ) To Go Ex-Dividend on March 24th

Invesco QQQ (NASDAQ:QQQ) declared a dividend on Monday, March 24th, NASDAQ Dividends reports. Stockholders of record on Monday, March 24th will be given a dividend of 0.7157 per share by the exchange traded fund on Wednesday, April 30th. The ex-dividend date is Monday, March 24th.

Invesco QQQ Stock Up 0.6 %

Invesco QQQ stock opened at $493.46 on Wednesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The stock has a 50-day simple moving average of $510.77 and a 200 day simple moving average of $504.97. The stock has a market capitalization of $311.00 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Institutional Investors Weigh In On Invesco QQQ

A hedge fund recently raised its stake in Invesco QQQ stock. Brighton Jones LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 15.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,348 shares of the exchange traded fund’s stock after buying an additional 4,989 shares during the period. Invesco QQQ makes up 0.6% of Brighton Jones LLC’s portfolio, making the stock its 28th largest position. Brighton Jones LLC’s holdings in Invesco QQQ were worth $19,605,000 at the end of the most recent quarter. Institutional investors own 44.58% of the company’s stock.

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.