Coastline Trust Co Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

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

A number of other large investors have also made changes to their positions in the company. First Trust Advisors LP bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $610,000. Forum Financial Management LP grew its stake in Invesco QQQ by 19.4% in the 4th quarter. Forum Financial Management LP now owns 5,335 shares of the exchange traded fund's stock worth $2,727,000 after acquiring an additional 867 shares in the last quarter. Freedom Investment Management Inc. increased its position in shares of Invesco QQQ by 8.5% during the fourth 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 during the period. Frederick Financial Consultants LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $595,000. Finally, Generation Capital Management LLC bought a new position in Invesco QQQ in the fourth quarter worth approximately $238,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 2.8 %

NASDAQ:QQQ traded up $12.34 during mid-day trading on Wednesday, reaching $456.82. The company's stock had a trading volume of 38,885,083 shares, compared to its average volume of 36,538,026. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm has a market capitalization of $292.32 billion, a PE ratio of 28.58 and a beta of 1.11. The stock has a fifty day moving average of $478.81 and a 200-day moving average of $500.56.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.