Coastline Trust Co Has $15.89 Million Position in Invesco QQQ $QQQ

Coastline Trust Co raised its position in Invesco QQQ (NASDAQ:QQQ) by 5.7% in the second quarter, HoldingsChannel.com reports. The fund owned 28,798 shares of the exchange traded fund’s stock after purchasing an additional 1,542 shares during the quarter. Invesco QQQ accounts for approximately 1.8% of Coastline Trust Co’s portfolio, making the stock its 16th biggest holding. Coastline Trust Co’s holdings in Invesco QQQ were worth $15,886,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Financial Partners Group LLC lifted its stake in Invesco QQQ by 10.5% in the second quarter. Financial Partners Group LLC now owns 4,023 shares of the exchange traded fund’s stock valued at $2,219,000 after acquiring an additional 381 shares during the last quarter. Worth Financial Advisory Group LLC lifted its stake in Invesco QQQ by 2.9% in the second quarter. Worth Financial Advisory Group LLC now owns 987 shares of the exchange traded fund’s stock valued at $545,000 after acquiring an additional 28 shares during the last quarter. Willow Creek Wealth Management Inc. lifted its stake in Invesco QQQ by 27.0% in the second quarter. Willow Creek Wealth Management Inc. now owns 1,179 shares of the exchange traded fund’s stock valued at $651,000 after acquiring an additional 251 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Invesco QQQ by 2.4% in the second quarter. Avior Wealth Management LLC now owns 20,054 shares of the exchange traded fund’s stock valued at $11,063,000 after acquiring an additional 467 shares during the last quarter. Finally, Clear Point Advisors Inc. lifted its stake in Invesco QQQ by 0.4% in the second quarter. Clear Point Advisors Inc. now owns 9,208 shares of the exchange traded fund’s stock valued at $5,079,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4%

Shares of QQQ stock opened at $595.97 on Monday. The company has a 50-day simple moving average of $576.04 and a 200 day simple moving average of $528.24. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $602.87.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.