Rice Partnership LLC Acquires 65 Shares of Invesco QQQ (NASDAQ:QQQ)

Rice Partnership LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,026 shares of the exchange traded fund’s stock after buying an additional 65 shares during the quarter. Rice Partnership LLC’s holdings in Invesco QQQ were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in QQQ. NWI Management LP lifted its holdings in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Senator Investment Group LP purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $679,936,000. Spear Holdings RSC Ltd purchased a new position in Invesco QQQ during the first quarter valued at approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV lifted its holdings in Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock valued at $437,375,000 after purchasing an additional 931,801 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.9%

Shares of NASDAQ:QQQ opened at $555.88 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.20. The firm’s 50 day simple moving average is $519.53 and its two-hundred day simple moving average is $504.67.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 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.