24,677 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Coastline Trust Co

Coastline Trust Co acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,677 shares of the exchange traded fund’s stock, valued at approximately $12,044,000. Invesco QQQ accounts for about 1.4% of Coastline Trust Co’s holdings, making the stock its 17th largest position.

Other large investors also recently bought and sold shares of the company. PBCay One RSC Ltd grew its stake in shares of Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after buying an additional 22,000 shares in the last quarter. Russell Investments Group Ltd. grew its position in Invesco QQQ by 140.6% in the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after acquiring an additional 142 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Invesco QQQ during the first quarter worth about $844,000. Tocqueville Asset Management L.P. lifted its position in shares of Invesco QQQ by 3.7% during the first quarter. Tocqueville Asset Management L.P. now owns 3,968 shares of the exchange traded fund’s stock worth $1,762,000 after purchasing an additional 143 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Invesco QQQ in the first quarter valued at approximately $496,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $496.57 on Friday. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58. The company has a 50 day moving average price of $489.33 and a 200 day moving average price of $474.11.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.