Granite Bay Wealth Management LLC Sells 13,159 Shares of Invesco QQQ $QQQ

Granite Bay Wealth Management LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 75.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,367 shares of the exchange traded fund’s stock after selling 13,159 shares during the period. Granite Bay Wealth Management LLC’s holdings in Invesco QQQ were worth $2,622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Brighton Jones LLC lifted its holdings in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Invesco QQQ by 42.7% in the first quarter. Russell Investments Group Ltd. now owns 4,093 shares of the exchange traded fund’s stock worth $1,919,000 after purchasing an additional 1,224 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $3,442,000. Finally, Warwick Investment Management Inc. grew its holdings in shares of Invesco QQQ by 1.0% in the first quarter. Warwick Investment Management Inc. now owns 38,552 shares of the exchange traded fund’s stock valued at $18,078,000 after purchasing an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Stock Up 0.2%

Invesco QQQ stock opened at $623.20 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The firm’s fifty day moving average is $615.39 and its 200 day moving average is $585.64.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.7941 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date is Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ Profile

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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