QQQ Stock Up Slightly; Dividend Announced
Invesco QQQ (QQQ) Announces Dividend, Trading Volume Fluctuates
Invesco QQQ Trust, Series 1 (QQQ), an exchange-traded fund (ETF) tracking the Nasdaq-100 Index, announced a dividend of $0.7157 per share, payable on Wednesday, April 30th to investors of record on Monday, March 24th. The ex-dividend date is also Monday, March 24th.
The ETF's stock price saw varied performance across several trading days. On Tuesday, QQQ shares traded up 0.7%, reaching a high of $470.34 and closing at $472.12, on a volume of 13,451,417 shares – a 62% decrease from the average session volume. On Wednesday, the stock price increased by 0.2%, trading as high as $473.27 and closing at $473.41, with a trading volume of 10,239,114 shares, a 71% decline from its average. Conversely, on Thursday, QQQ traded down $2.76, closing at $481.62, on a volume of 33,289,920 shares, slightly below its average volume. The 52-week low for QQQ is $413.07, and the 52-week high is $540.81. The 50-day moving average price ranged from $506.34 to $510.12, while the 200-day moving average price fluctuated between $504.83 and $505.30 across the reported periods. The company's market capitalization varied slightly across reports, ranging from $300.20 billion to $303.54 billion, with its P/E ratio between 30.05 and 30.74, and a beta between 1.11 and 1.18.
Several institutional investors adjusted their holdings in QQQ during the third and fourth quarters of 2024. These included increases by Stephens Consulting LLC (0.4%), Cardinal Point Capital Management ULC (0.5%), Hoese & Co LLP (32.3%), Farmers & Merchants Investments Inc. (1.9%), and RAM Investment Partners LLC (1.7%) in Q4, and SOA Wealth Advisors LLC (0.3%), Flow Traders U.S. LLC (new stake), Beacon Investment Advisory Services Inc. (1.1%), Integrated Wealth Concepts LLC (4.7%), and Independent Family Office LLC (6.3%) in Q3. Revolve Wealth Partners LLC also increased its stake by 3.5% in Q4. Institutional investors and hedge funds collectively own 44.58% of QQQ's stock.
Invesco QQQ aims to mirror the performance of the Nasdaq-100 Index, offering investors proportional ownership in a portfolio of securities that substantially match the index's composition and weighting. Analysts currently rate Invesco QQQ as a Hold.
Invesco QQQ Trust, Series 1 (QQQ), an exchange-traded fund (ETF) tracking the Nasdaq-100 Index, announced a dividend of $0.7157 per share, payable on Wednesday, April 30th to investors of record on Monday, March 24th. The ex-dividend date is also Monday, March 24th.
The ETF's stock price saw varied performance across several trading days. On Tuesday, QQQ shares traded up 0.7%, reaching a high of $470.34 and closing at $472.12, on a volume of 13,451,417 shares – a 62% decrease from the average session volume. On Wednesday, the stock price increased by 0.2%, trading as high as $473.27 and closing at $473.41, with a trading volume of 10,239,114 shares, a 71% decline from its average. Conversely, on Thursday, QQQ traded down $2.76, closing at $481.62, on a volume of 33,289,920 shares, slightly below its average volume. The 52-week low for QQQ is $413.07, and the 52-week high is $540.81. The 50-day moving average price ranged from $506.34 to $510.12, while the 200-day moving average price fluctuated between $504.83 and $505.30 across the reported periods. The company's market capitalization varied slightly across reports, ranging from $300.20 billion to $303.54 billion, with its P/E ratio between 30.05 and 30.74, and a beta between 1.11 and 1.18.
Several institutional investors adjusted their holdings in QQQ during the third and fourth quarters of 2024. These included increases by Stephens Consulting LLC (0.4%), Cardinal Point Capital Management ULC (0.5%), Hoese & Co LLP (32.3%), Farmers & Merchants Investments Inc. (1.9%), and RAM Investment Partners LLC (1.7%) in Q4, and SOA Wealth Advisors LLC (0.3%), Flow Traders U.S. LLC (new stake), Beacon Investment Advisory Services Inc. (1.1%), Integrated Wealth Concepts LLC (4.7%), and Independent Family Office LLC (6.3%) in Q3. Revolve Wealth Partners LLC also increased its stake by 3.5% in Q4. Institutional investors and hedge funds collectively own 44.58% of QQQ's stock.
Invesco QQQ aims to mirror the performance of the Nasdaq-100 Index, offering investors proportional ownership in a portfolio of securities that substantially match the index's composition and weighting. Analysts currently rate Invesco QQQ as a Hold.
