News coverage about PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) has been trending positive on Tuesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public 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 news sentiment score of 0.40 on Accern’s scale. Accern also assigned press coverage about the exchange traded fund an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- PowerShares QQQ ETF Sets An Interesting New Record – ETF Daily News (blog) (etfdailynews.com)
- Nasdaq futures fall as Google leads big tech lower (finance.yahoo.com)
- Big banks like JPMorgan have too much capital now: NYSE trader (finance.yahoo.com)
- Never Stop Learning, Because the Stock Market Never Stops Teaching (finance.yahoo.com)
- Contrasting PowerShares QQQ Trust, Series 1 (QQQ) & CM Finance (CMFN) (americanbankingnews.com)
Separately, Vetr upgraded PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 price target on the stock in a report on Tuesday, May 23rd.
Shares of PowerShares QQQ Trust, Series 1 (QQQ) traded down 1.05% during midday trading on Tuesday, reaching $139.11. The company’s stock had a trading volume of 25,014,093 shares. The firm’s 50 day moving average is $139.66 and its 200 day moving average is $130.39. PowerShares QQQ Trust, Series 1 has a 52 week low of $101.75 and a 52 week high of $143.90.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th will be given a $0.3784 dividend. The ex-dividend date of this dividend is Friday, June 16th. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. This represents a $1.51 annualized dividend and a yield of 1.08%.
About PowerShares QQQ Trust, Series 1
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.
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