Coastwise Capital Group LLC Has $1.68 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Coastwise Capital Group LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,285 shares of the exchange traded fund’s stock after acquiring an additional 227 shares during the quarter. Invesco QQQ comprises approximately 1.3% of Coastwise Capital Group LLC’s investment portfolio, making the stock its 19th biggest holding. Coastwise Capital Group LLC’s holdings in Invesco QQQ were worth $1,680,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QQQ. AQR Capital Management LLC increased its position in Invesco QQQ by 332.0% in the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock worth $5,769,000 after purchasing an additional 9,254 shares during the period. Unique Wealth LLC bought a new position in shares of Invesco QQQ in the 3rd quarter valued at about $460,000. Farmers Trust Co. grew its position in shares of Invesco QQQ by 25.0% during the 3rd quarter. Farmers Trust Co. now owns 13,604 shares of the exchange traded fund’s stock worth $6,640,000 after buying an additional 2,717 shares during the period. Trinity Financial Advisors LLC raised its stake in shares of Invesco QQQ by 9.9% during the third quarter. Trinity Financial Advisors LLC now owns 789 shares of the exchange traded fund’s stock worth $411,000 after buying an additional 71 shares during the last quarter. Finally, Delta Financial Group Inc. lifted its holdings in Invesco QQQ by 15.7% in the third quarter. Delta Financial Group Inc. now owns 2,520 shares of the exchange traded fund’s stock valued at $1,230,000 after buying an additional 342 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1 %

Shares of QQQ stock opened at $522.29 on Friday. The firm’s 50 day moving average price is $519.22 and its two-hundred day moving average price is $493.95. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company Profile

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.