Stock Ticker

  • Loading stock data...

PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) tracks three benchmarked stock indices in the US.

Boston, MA 07/16/2013 (wallstreetpr) –¬†PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) closed at $75.47 on Monday, recording an increase of 0.23% for the stock. During the day, the stock was fluctuating between a low intraday price of $75.17 and a high intraday price of $75.52 per share. The stock currently has a 52-week low of $61.31 and a 52-week high of $75.52 per share. PowerShares QQQ Trust currently has a market cap of $35.68 billion with around 472.75 million outstanding shares in the market and institutional ownership of 29 percent of its total equity capital. The stock witnessed active trading in around 472.75 million shares on Monday, while the average level of trading activity for the stock is 34.47 million shares per day.

Powershares QQQ trust is a unit investment trust distributing securities called Powershares QQQ Index trading stock. It helps to track the price and yield performance of the component shares. The Federal Reserve intended to close its $85 billion a month bond buying program by the middle of next year. Investors use technical indicators to capture winning trades. The QQQ trust holds NASDAQ 100 index securities. The Trustee is the Bank of New York Mellon and the Sponsor, Invesco PowerShares Capital Management, LLC. Some analysts state that the trading volume on high days is lower than that of the down days.

The QQQ trust tracks three benchmarked stock indices in the US. The return on average equity of the trust is 28.12% and the return on average assets accounts for 26.34%, with an operating margin of 83.30% for the year 2012. Powershares QQQ was oversold in the market since the year 2000 and this has never led the share to a rally.

Published by Van Bettauer

Van Bettauer is a financial aficionado from Vancouver, British Columbia. He currently studies at UBC, pursuing a Bachelors of Science degree. Van has been freelance writing for many years, specializing in copywriting, report writing and article writing. The combination of his scientific studies and writing experience brings a new and fresh perspective to the financial world. Visit Bettauer's Google+ page at the following address:

  • Recent Stories

    SignUp Now For Our Featured Newsletter

    Sign Up To Get Our Latest Stocks Alerts