West Coast Financial LLC Sells 78 Shares of Invesco QQQ (NASDAQ:QQQ)

West Coast Financial LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.3% in the 4th quarter, HoldingsChannel reports. The firm owned 3,353 shares of the exchange traded fund’s stock after selling 78 shares during the quarter. West Coast Financial LLC’s holdings in Invesco QQQ were worth $1,714,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Northeast Investment Management increased its holdings in shares of Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares in the last quarter. Planning Capital Management Corp lifted its holdings in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC grew its position in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares during the period. Skyline Advisors Inc. increased its stake in Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. raised its holdings in Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after buying an additional 21 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.7 %

Shares of QQQ opened at $513.08 on Friday. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15. The firm’s 50 day moving average price is $515.79 and its two-hundred day moving average price is $491.65.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.