Invesco QQQ (QQQ) To Go Ex-Dividend on June 22nd

Invesco QQQ (NASDAQ:QQQ) announced a quarterly dividend on Thursday, June 18th. Investors of record on Monday, June 22nd will be given a dividend of 0.8135 per share by the exchange traded fund on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 22nd. This is a 11.0% increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $740.62 on Friday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The company’s 50 day simple moving average is $695.40 and its two-hundred day simple moving average is $639.48.

Institutional Investors Weigh In On Invesco QQQ

A number of institutional investors and hedge funds have recently made changes to their positions in QQQ. CAP Partners LLC raised its stake in Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after purchasing an additional 15 shares during the last quarter. Durante & Waters LLC grew its holdings in shares of Invesco QQQ by 1.1% during the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after buying an additional 15 shares in the last quarter. Well Done LLC grew its holdings in shares of Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after buying an additional 16 shares in the last quarter. Forty three Eighteen Advisors LLC raised its position in shares of Invesco QQQ by 0.6% in the first quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock valued at $1,555,000 after buying an additional 16 shares during the last quarter. Finally, Tenon Financial LLC raised its position in shares of Invesco QQQ by 2.2% in the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors 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.