Invesco QQQ $QQQ Stock Holdings Lowered by Granite Harbor Advisors Inc.

Granite Harbor Advisors Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 33,616 shares of the exchange traded fund’s stock after selling 696 shares during the quarter. Invesco QQQ comprises approximately 8.5% of Granite Harbor Advisors Inc.’s portfolio, making the stock its biggest position. Granite Harbor Advisors Inc.’s holdings in Invesco QQQ were worth $19,403,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ in the third quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Invesco QQQ in the 4th quarter worth $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ during the third quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $29,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.7%

NASDAQ:QQQ opened at $736.40 on Wednesday. The stock’s 50 day simple moving average is $708.42 and its two-hundred day simple moving average is $644.38. Invesco QQQ has a 1 year low of $544.66 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be paid a $0.8135 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.4%.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: The Nasdaq and broader U.S. equity markets moved higher into month-end, helping support QQQ as investors rotated back into large-cap technology and growth names. Stock Market Today: Nasdaq Shows Its Might; This Tech Player Hits A New High (Live Coverage)
• Positive Sentiment: Several pieces pointed to continued strength in Nasdaq-100 ETFs, arguing the index still has room to climb and that seasonality, improving breadth, and technical momentum could keep inflows coming. 3 Reasons Investors Should Buy in July
• Positive Sentiment: SpaceX’s planned July 7 entry into the Nasdaq-100 could trigger estimated passive inflows into index funds that track the benchmark, including QQQ, creating a near-term demand tailwind. SpaceX Achieves Escape Velocity With Nasdaq Fast-Track
• Neutral Sentiment: Some commentary warned that the tech rally may be stretched, citing concentration risk in mega-cap names and prior weakness in the Nasdaq 100, which could temper enthusiasm for QQQ. Nasdaq 100 Flashes Warning Signs After 5-Day Slide: Is The Tech Rally Running Out Of Steam?
• Neutral Sentiment: Articles debating whether investors should hedge or diversify beyond mega-caps highlight concern about QQQ’s heavy tech concentration, but they do not signal an immediate fundamental problem for the fund. It’s Time To Hedge

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.