Granite Harbor Advisors Inc. Has $16.60 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Granite Harbor Advisors Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,470 shares of the exchange traded fund’s stock after purchasing an additional 2,223 shares during the period. Invesco QQQ makes up about 9.2% of Granite Harbor Advisors Inc.’s portfolio, making the stock its largest holding. Granite Harbor Advisors Inc.’s holdings in Invesco QQQ were worth $16,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Hoese & Co LLP increased its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas bought a new position in Invesco QQQ during the third quarter worth $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ in the fourth quarter valued at $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted 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 valued at $71,000 after buying an additional 63 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

Invesco QQQ stock opened at $522.29 on Friday. The firm’s fifty day moving average price is $519.22 and its two-hundred day moving average price is $493.95. Invesco QQQ has a 1-year low of $413.07 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. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.