Granite Bay Wealth Management LLC Sells 1,297 Shares of Invesco QQQ (NASDAQ:QQQ)

Granite Bay Wealth Management LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,408 shares of the exchange traded fund’s stock after selling 1,297 shares during the period. Invesco QQQ makes up about 2.9% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding. Granite Bay Wealth Management LLC’s holdings in Invesco QQQ were worth $7,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the 3rd quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the last quarter. Providence Capital Advisors LLC bought a new position in shares of Invesco QQQ during the second quarter valued at $76,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $505.56 on Tuesday. The business has a 50-day simple moving average of $515.32 and a two-hundred day simple moving average of $491.29. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

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

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.