Granite Harbor Advisors Inc. Has $15.84 Million Stock Holdings in Invesco QQQ $QQQ

Key Points

• Granite Harbor Advisors Inc. increased its stake in Invesco QQQ by 4.0%, now holding 33,780 shares valued at approximately $15.84 million, making it the firm's largest investment.
• Goldman Sachs Group Inc. significantly boosted its holdings in Invesco QQQ by 959.6%, acquiring over 24 million shares valued at around $11.3 billion.
• The current price of Invesco QQQ shares is around $577.34, with a 1-year high of $583.32 and a low of $402.39.

Granite Harbor Advisors Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,780 shares of the exchange traded fund's stock after purchasing an additional 1,310 shares during the period. Invesco QQQ comprises about 8.4% of Granite Harbor Advisors Inc.'s investment portfolio, making the stock its biggest holding. Granite Harbor Advisors Inc.'s holdings in Invesco QQQ were worth $15,840,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of QQQ. Goldman Sachs Group Inc. lifted its stake in Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the 1st quarter worth about $2,775,904,000. NWI Management LP increased its stake in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 55,795.2% during the first 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 last quarter. Finally, Senator Investment Group LP acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $679,936,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $577.34 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $583.32. The business has a fifty day moving average of $554.13 and a 200-day moving average of $514.06.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.

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