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

Coastwise Capital Group LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,285 shares of the exchange traded fund’s stock after buying an additional 227 shares during the quarter. Invesco QQQ accounts for approximately 1.3% of Coastwise Capital Group LLC’s holdings, making the stock its 19th largest holding. Coastwise Capital Group LLC’s holdings in Invesco QQQ were worth $1,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its holdings in shares of Invesco QQQ by 332.0% during the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after purchasing an additional 9,254 shares in the last quarter. Unique Wealth LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $460,000. Farmers Trust Co. increased its position in shares of Invesco QQQ by 25.0% during the third quarter. Farmers Trust Co. now owns 13,604 shares of the exchange traded fund’s stock worth $6,640,000 after acquiring an additional 2,717 shares in the last quarter. Trinity Financial Advisors LLC raised its holdings 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 acquiring an additional 71 shares during the period. Finally, Delta Financial Group Inc. lifted its position in Invesco QQQ by 15.7% in the 3rd quarter. Delta Financial Group Inc. now owns 2,520 shares of the exchange traded fund’s stock valued at $1,230,000 after acquiring an additional 342 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.1 %

QQQ stock opened at $522.29 on Friday. The stock has a 50-day moving average price of $519.22 and a two-hundred day moving average price of $493.95. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

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

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.