Somewhat Favorable News Coverage Somewhat Unlikely to Impact PowerShares QQQ Trust, Series 1 (QQQ) Stock Price
News headlines about PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PowerShares QQQ Trust, Series 1 earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the exchange traded fund an impact score of 46.4638488223718 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- US Manufacturing PMI Picks Up after Gradual Decline – Market Realist (marketrealist.com)
- Top earnings, North Korea concerns set the stage on Wall Street (finance.yahoo.com)
- Aug 08, 2017 – Front Street Capital Management, Inc. Buys Colfax … – GuruFocus.com (gurufocus.com)
- Inflation-Adjusted Returns Since 2000: Much Worse Than You Think (QQQ) – ETF Daily News (blog) (etfdailynews.com)
- Disney, Michael Kors and more earnings set to take the stage on Wall Street (finance.yahoo.com)
Separately, Vetr upgraded shares of PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 target price on the stock in a research note on Tuesday, May 23rd.
PowerShares QQQ Trust, Series 1 (QQQ) opened at 141.03 on Friday. The stock has a 50 day moving average of $141.61 and a 200 day moving average of $135.51. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $145.96.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were paid a $0.3784 dividend. The ex-dividend date was Friday, June 16th. This is a boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. This represents a $1.51 dividend on an annualized basis and a yield of 1.07%.
WARNING: This article was reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.watchlistnews.com/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-powershares-qqq-trust-series-1-qqq-stock-price/1471738.html.
PowerShares QQQ Trust, Series 1 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.
Receive News & Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related companies with Analyst Ratings Network's FREE daily email newsletter.