Invesco QQQ (NASDAQ:QQQ) Shares Sold by Coastline Trust Co

Coastline Trust Co lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,256 shares of the exchange traded fund's stock after selling 828 shares during the quarter. Invesco QQQ comprises approximately 1.6% of Coastline Trust Co's investment portfolio, making the stock its 18th largest holding. Coastline Trust Co's holdings in Invesco QQQ were worth $12,781,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of QQQ. NWI Management LP grew its stake in shares of Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $679,936,000. Asset Planning Services Inc. LA ADV boosted its holdings in Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after buying an additional 931,801 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after buying an additional 756,990 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.7%

Shares of Invesco QQQ stock traded up $3.81 during trading hours on Wednesday, reaching $550.80. The stock had a trading volume of 36,407,364 shares, compared to its average volume of 39,147,735. The stock's 50 day moving average is $514.18 and its 200 day moving average is $504.17. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $552.80.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

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.