Invesco QQQ $QQQ Shares Bought by Coastwise Capital Group LLC

Key Points

• Coastwise Capital Group LLC increased its holdings in Invesco QQQ by 30.9%, now owning 3,732 shares valued at approximately $2,059,000.
• Prominent investors like Kingstone Capital Partners and Goldman Sachs significantly boosted their stakes in QQQ, with Kingstone increasing its holdings by 704,593.7%, now owning over 67 million shares valued at $37.3 billion.
• Invesco QQQ's recent quarterly dividend was $0.5911, offering an annualized yield of 0.4%, despite the stock trading at a high of $600.05 recently.

Coastwise Capital Group LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 30.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,732 shares of the exchange traded fund's stock after buying an additional 880 shares during the period. Invesco QQQ makes up 1.6% of Coastwise Capital Group LLC's holdings, making the stock its 12th largest position. Coastwise Capital Group LLC's holdings in Invesco QQQ were worth $2,059,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC increased its holdings in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new position in shares of Invesco QQQ in the first quarter valued at about $2,775,904,000. GAMMA Investing LLC increased its holdings in shares of Invesco QQQ by 55,795.2% in the first 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. Finally, Spear Holdings RSC Ltd acquired a new position in shares of Invesco QQQ in the first quarter valued at about $474,600,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $599.35 on Friday. The stock's 50-day simple moving average is $572.19 and its 200-day simple moving average is $523.77. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $600.05.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

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.

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