Invesco QQQ (NASDAQ:QQQ) Sets New 12-Month High – Here’s What Happened

Invesco QQQ (NASDAQ:QQQ – Get Free Report) hit a new 52-week high during mid-day trading on Friday. The company traded as high as $751.49 and last traded at $752.6580, with a volume of 4967645 shares traded. The stock had previously closed at $742.03.

Invesco QQQ Stock Up 1.3%

The company has a 50 day moving average of $716.20 and a 200 day moving average of $692.01.

Get Invesco QQQ alerts:

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be given a $0.7514 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.

Hedge Funds Weigh In On Invesco QQQ

Institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC boosted its stake in Invesco QQQ by 3,567.7% during the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after acquiring an additional 20,852,432 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco QQQ by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock worth $2,237,606,000 after purchasing an additional 30,083 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Invesco QQQ by 21.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock valued at $1,858,288,000 after purchasing an additional 534,000 shares in the last quarter. Analyst IMS Investment Management Services Ltd. raised its stake in shares of Invesco QQQ by 0.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock valued at $1,316,358,000 after purchasing an additional 4,751 shares in the last quarter. Finally, Align Financial LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $78,118,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco QQQ

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Invesco QQQ
• Target’s Holiday Blitz: Slashing Prices to Capture Market Share
• NIO Inc.’s Geely Deal Is Really a Bet on Battery-Swap Network Utilization
• Remitly’s September Pullback Tests a Still-Strong Growth Story
• Saddle Up: Texas Stock Exchange Ropes In $80 Billion in Listings

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.