Fermata Advisors LLC Has $20.26 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Fermata Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,516 shares of the exchange traded fund’s stock after acquiring an additional 3,197 shares during the quarter. Invesco QQQ comprises approximately 4.1% of Fermata Advisors LLC’s holdings, making the stock its 5th biggest position. Fermata Advisors LLC’s holdings in Invesco QQQ were worth $20,263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Buckingham Strategic Wealth LLC raised its stake in Invesco QQQ by 2.7% during the 4th quarter. Buckingham Strategic Wealth LLC now owns 37,403 shares of the exchange traded fund’s stock valued at $15,317,000 after purchasing an additional 979 shares during the period. Guardian Wealth Advisors LLC NC raised its position in shares of Invesco QQQ by 39.0% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 3,259 shares of the exchange traded fund’s stock valued at $1,335,000 after buying an additional 914 shares during the last quarter. Fort Sheridan Advisors LLC lifted its holdings in shares of Invesco QQQ by 15.4% in the fourth quarter. Fort Sheridan Advisors LLC now owns 3,291 shares of the exchange traded fund’s stock worth $1,348,000 after buying an additional 440 shares in the last quarter. Pettyjohn Wood & White Inc. boosted its position in shares of Invesco QQQ by 1.0% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 19,936 shares of the exchange traded fund’s stock worth $8,164,000 after acquiring an additional 199 shares during the last quarter. Finally, Optimist Retirement Group LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $2,765,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0 %

QQQ stock traded down $0.04 during mid-day trading on Friday, hitting $492.55. The company had a trading volume of 12,046,480 shares, compared to its average volume of 39,267,992. The company has a 50-day moving average price of $471.66 and a 200 day moving average price of $462.79. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

Invesco QQQ Company 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.