Coastline Complete Wealth LLC Takes $11.90 Million Position in Invesco QQQ $QQQ

Coastline Complete Wealth LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,364 shares of the exchange traded fund’s stock, valued at approximately $11,896,000. Invesco QQQ comprises about 7.5% of Coastline Complete Wealth LLC’s investment portfolio, making the stock its 4th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ during the 3rd quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Invesco QQQ in the 4th quarter worth approximately $25,000. Shcp LLC purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares during the period. Finally, Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $29,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Invesco QQQ declared a quarterly dividend of $0.8135 per share, an 11.0% increase from the prior quarter, which can improve investor sentiment toward the fund. Article Title
• Positive Sentiment: Multiple articles highlighted QQQ’s strong long-term performance, including commentary that a modest investment in the ETF a decade ago would now be worth far more, reinforcing its status as a premier growth benchmark. Article Title
• Neutral Sentiment: Broader market and ETF coverage showed U.S. equity funds trading higher at times, suggesting the macro backdrop is supportive but not specific to QQQ alone. Article Title
• Neutral Sentiment: Several Fed-related commentaries pointed to a more hawkish policy tone and less forward guidance, which could pressure rate-sensitive growth stocks even as investors assess the implications for the Nasdaq-100. Article Title

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $740.62 on Friday. Invesco QQQ has a fifty-two week low of $523.65 and a fifty-two week high of $748.65. The business has a 50 day moving average price of $695.40 and a 200-day moving average price of $639.48.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.