Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Coastwise Capital Group LLC

Coastwise Capital Group LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 25.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,058 shares of the exchange traded fund’s stock after purchasing an additional 627 shares during the quarter. Invesco QQQ accounts for 1.2% of Coastwise Capital Group LLC’s portfolio, making the stock its 21st largest position. Coastwise Capital Group LLC’s holdings in Invesco QQQ were worth $1,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Socha Financial Group LLC boosted its holdings in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares in the last quarter. Archer Investment Corp grew its holdings in shares of Invesco QQQ by 10.2% in the 3rd quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock worth $21,281,000 after acquiring an additional 4,025 shares during the last quarter. Bank Hapoalim BM raised its position in shares of Invesco QQQ by 5.5% during the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after purchasing an additional 6,347 shares during the period. Marco Investment Management LLC lifted its holdings in shares of Invesco QQQ by 48.1% during the third quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund’s stock valued at $4,696,000 after purchasing an additional 3,123 shares during the last quarter. Finally, Arrow Financial Corp boosted its position in shares of Invesco QQQ by 7.2% in the 3rd quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock valued at $68,997,000 after purchasing an additional 9,516 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $509.74 on Monday. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58. The stock’s 50-day moving average price is $496.13 and its two-hundred day moving average price is $479.38.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 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.