Dale Q Rice Investment Management Ltd Invests $15.47 Million in Invesco QQQ (NASDAQ:QQQ)

Dale Q Rice Investment Management Ltd acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,254 shares of the exchange traded fund’s stock, valued at approximately $15,466,000. Invesco QQQ makes up approximately 6.8% of Dale Q Rice Investment Management Ltd’s investment portfolio, making the stock its 4th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rathbones Group PLC increased its position in Invesco QQQ by 4.3% during the 2nd quarter. Rathbones Group PLC now owns 32,665 shares of the exchange traded fund’s stock valued at $15,650,000 after buying an additional 1,335 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Invesco QQQ by 23.5% during the second quarter. Brown Brothers Harriman & Co. now owns 14,557 shares of the exchange traded fund’s stock worth $6,974,000 after acquiring an additional 2,768 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Invesco QQQ during the second quarter valued at about $26,557,000. Capital Wealth Planning LLC raised its position in shares of Invesco QQQ by 58.9% in the 2nd quarter. Capital Wealth Planning LLC now owns 17,470 shares of the exchange traded fund’s stock valued at $8,370,000 after purchasing an additional 6,474 shares during the last quarter. Finally, Black Diamond Financial LLC boosted its stake in Invesco QQQ by 8.0% in the 2nd quarter. Black Diamond Financial LLC now owns 5,184 shares of the exchange traded fund’s stock worth $2,484,000 after purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $505.56 on Tuesday. The company’s 50 day moving average is $515.32 and its two-hundred day moving average is $491.29. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.