Invesco QQQ (NASDAQ:QQQ) to Issue Dividend of $0.72

Invesco QQQ (NASDAQ:QQQ) announced a dividend on Monday, March 24th, NASDAQ Dividends reports. Investors 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 Performance

Shares of NASDAQ QQQ opened at $493.46 on Wednesday. The stock has a market cap of $311.00 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The firm has a 50 day moving average price of $510.77 and a two-hundred day moving average price of $504.97.

Institutional Trading of Invesco QQQ

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

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.