Coastline Trust Co Buys 3,407 Shares of Invesco QQQ (NASDAQ:QQQ)

Coastline Trust Co boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,084 shares of the exchange traded fund’s stock after purchasing an additional 3,407 shares during the quarter. Invesco QQQ comprises about 1.7% of Coastline Trust Co’s portfolio, making the stock its 14th biggest position. Coastline Trust Co’s holdings in Invesco QQQ were worth $14,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP purchased a new stake in Invesco QQQ during the 4th quarter valued at about $610,000. Forum Financial Management LP raised its holdings in shares of Invesco QQQ by 19.4% during the fourth quarter. Forum Financial Management LP now owns 5,335 shares of the exchange traded fund’s stock worth $2,727,000 after purchasing an additional 867 shares during the last quarter. Freedom Investment Management Inc. increased its holdings in Invesco QQQ by 8.5% in the 4th quarter. Freedom Investment Management Inc. now owns 4,588 shares of the exchange traded fund’s stock worth $2,346,000 after acquiring an additional 360 shares in the last quarter. Frederick Financial Consultants LLC acquired a new position in Invesco QQQ during the fourth quarter worth $595,000. Finally, Generation Capital Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $238,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $443.82 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm has a market capitalization of $284.56 billion, a P/E ratio of 30.05 and a beta of 1.11. The stock’s fifty day moving average is $482.54 and its two-hundred day moving average is $501.06.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

Invesco QQQ 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.