Granite Bay Wealth Management LLC Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Granite Bay Wealth Management LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,408 shares of the exchange traded fund’s stock after selling 1,297 shares during the quarter. Invesco QQQ makes up approximately 2.9% of Granite Bay Wealth Management LLC’s holdings, making the stock its 12th biggest position. Granite Bay Wealth Management LLC’s holdings in Invesco QQQ were worth $7,877,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Northeast Investment Management grew its stake in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares during the last quarter. Planning Capital Management Corp boosted its position in Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 20 shares during the last quarter. Skyline Advisors Inc. increased its holdings in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after buying an additional 21 shares during the period. Madden Advisory Services Inc. increased its holdings in Invesco QQQ by 0.9% in 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. Finally, Meridian Management Co. raised its position in Invesco QQQ by 0.6% during the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock worth $1,640,000 after buying an additional 21 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3 %

NASDAQ:QQQ opened at $505.56 on Tuesday. The company’s fifty day moving average price is $515.32 and its 200-day moving average price is $491.29. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

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