Invesco QQQ $QQQ Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 43.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 153,194 shares of the exchange traded fund’s stock after selling 117,669 shares during the quarter. Invesco QQQ makes up 1.9% of Atria Wealth Solutions Inc.’s investment portfolio, making the stock its 3rd largest position. Atria Wealth Solutions Inc.’s holdings in Invesco QQQ were worth $84,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC lifted its position in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 in the last quarter. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $2,775,904,000. Spear Holdings RSC Ltd acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $463,293,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.1%

NASDAQ QQQ opened at $602.01 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18. The company has a 50 day moving average of $584.64 and a 200-day moving average of $537.61.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.