Fermata Advisors LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Fermata Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,319 shares of the exchange traded fund’s stock after buying an additional 1,413 shares during the quarter. Invesco QQQ accounts for approximately 4.2% of Fermata Advisors LLC’s holdings, making the stock its 5th biggest holding. Fermata Advisors LLC’s holdings in Invesco QQQ were worth $18,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the first quarter valued at $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $29,000. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Finally, Red Tortoise LLC lifted its holdings in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $2.34 during trading hours on Friday, hitting $450.41. 33,573,976 shares of the stock were exchanged, compared to its average volume of 46,461,876. The business’s 50-day moving average is $473.79 and its two-hundred day moving average is $450.32. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, June 24th.

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.