Dale Q Rice Investment Management Ltd Lowers Stock Holdings in Invesco QQQ $QQQ

Dale Q Rice Investment Management Ltd reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 48.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,361 shares of the exchange traded fund’s stock after selling 14,388 shares during the quarter. Invesco QQQ accounts for 7.2% of Dale Q Rice Investment Management Ltd’s portfolio, making the stock its 4th biggest holding. Dale Q Rice Investment Management Ltd’s holdings in Invesco QQQ were worth $8,561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the second quarter valued at $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter valued at $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the first quarter valued at $51,000. Blume Capital Management Inc. lifted its holdings in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC lifted its holdings in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $603.93 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The business’s 50-day moving average is $587.30 and its two-hundred day moving average is $540.28.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a $0.694 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd.

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.