Invesco QQQ (NASDAQ:QQQ) Stake Lessened by Dale Q Rice Investment Management Ltd

Dale Q Rice Investment Management Ltd lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,749 shares of the exchange traded fund's stock after selling 505 shares during the period. Invesco QQQ comprises about 7.2% of Dale Q Rice Investment Management Ltd's portfolio, making the stock its 4th biggest position. Dale Q Rice Investment Management Ltd's holdings in Invesco QQQ were worth $13,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in QQQ. Providence First Trust Co boosted its stake in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after purchasing an additional 20 shares during the last quarter. Diversified Enterprises LLC boosted its stake in Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after purchasing an additional 20 shares during the last quarter. Prevail Innovative Wealth Advisors LLC boosted its stake in Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after purchasing an additional 20 shares during the last quarter. Legacy Investment Solutions LLC boosted its stake in Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after purchasing an additional 20 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its stake in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ traded down $2.16 during trading on Friday, hitting $526.83. 61,548,834 shares of the company's stock traded hands, compared to its average volume of 38,635,178. The company's 50 day simple moving average is $500.57 and its two-hundred day simple moving average is $503.28. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.