Invesco QQQ (NASDAQ:QQQ) Announces Dividend of $0.72

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 of this dividend is Monday, March 24th.

Invesco QQQ Trading Up 2.0 %

Invesco QQQ stock opened at $490.66 on Tuesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm has a market capitalization of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The firm has a 50 day moving average of $511.00 and a 200 day moving average of $504.66.

Hedge Funds Weigh In On Invesco QQQ

A hedge fund recently raised its stake in Invesco QQQ stock. Revolve Wealth Partners LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,257 shares of the exchange traded fund’s stock after purchasing an additional 176 shares during the period. Revolve Wealth Partners LLC’s holdings in Invesco QQQ were worth $2,687,000 at the end of the most recent reporting period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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.