Atria Wealth Solutions Inc. Has $84.63 Million Holdings in Invesco QQQ $QQQ

Atria Wealth Solutions Inc. decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 43.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,194 shares of the exchange traded fund’s stock after selling 117,669 shares during the period. Invesco QQQ accounts for approximately 1.9% of Atria Wealth Solutions Inc.’s holdings, 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 SEC filing.

Other hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its holdings 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 purchasing an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. grew its holdings in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in Invesco QQQ during the first quarter worth about $2,775,904,000. Spear Holdings RSC Ltd bought a new position in Invesco QQQ during the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP bought a new position in Invesco QQQ during the first quarter worth about $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.1%

Invesco QQQ stock opened at $602.01 on Tuesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $613.18. The stock has a 50-day simple moving average of $584.64 and a 200 day simple 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. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a 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.