Granite Bay Wealth Management LLC Reduces Stake in Invesco QQQ $QQQ

Granite Bay Wealth Management LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,526 shares of the exchange traded fund’s stock after selling 31 shares during the quarter. Invesco QQQ comprises about 3.1% of Granite Bay Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Granite Bay Wealth Management LLC’s holdings in Invesco QQQ were worth $9,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in QQQ. Goldman Sachs Group Inc. lifted its position in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after acquiring an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth $2,775,904,000. GAMMA Investing LLC increased its holdings in 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 buying an additional 1,868,580 shares during the period. Spear Holdings RSC Ltd bought a new position in Invesco QQQ in the first quarter valued at approximately $474,600,000. Finally, Altimeter Capital Management LP acquired a new position in shares of Invesco QQQ during the 1st quarter worth $463,293,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

QQQ stock opened at $586.66 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $587.86. The company has a 50 day simple moving average of $568.24 and a 200 day simple moving average of $520.68.

Invesco QQQ Cuts Dividend

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