Invesco QQQ (NASDAQ:QQQ) Plans $0.59 Quarterly Dividend

Invesco QQQ (NASDAQ:QQQ) announced a quarterly dividend on Monday, June 23rd, NASDAQ Dividends reports. Stockholders of record on Monday, June 23rd will be paid a dividend of 0.5911 per share by the exchange traded fund on Thursday, July 31st. This represents a $2.36 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ Stock Up 0.9%

QQQ stock traded up $4.82 on Monday, hitting $531.65. 49,844,913 shares of the company’s stock were exchanged, compared to its average volume of 38,681,109. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a 50 day moving average price of $500.57 and a two-hundred day moving average price of $503.16.

Institutional Investors Weigh In On Invesco QQQ

An institutional investor recently raised its position in Invesco QQQ stock. Revolve Wealth Partners LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.