Atria Investments Inc Purchases New Shares in Invesco QQQ (NASDAQ:QQQ)

Atria Investments Inc purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 143,851 shares of the exchange traded fund's stock, valued at approximately $67,455,000. Invesco QQQ accounts for approximately 0.9% of Atria Investments Inc's holdings, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in shares of Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after acquiring an additional 568,120 shares during the period. GAMMA Investing LLC lifted its position in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Invesco QQQ by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after purchasing an additional 14,017 shares in the last quarter. Finally, Senator Investment Group LP bought a new stake in Invesco QQQ during the 4th quarter valued at $679,936,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $1.36 during trading on Friday, hitting $566.37. The stock had a trading volume of 30,579,821 shares, compared to its average volume of 40,473,144. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $567.70. The firm has a fifty day moving average of $539.14 and a two-hundred day moving average of $508.80.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

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.