Fermata Advisors LLC Acquires 10,806 Shares of Invesco QQQ (NASDAQ:QQQ)

Fermata Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 41.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,906 shares of the exchange traded fund’s stock after buying an additional 10,806 shares during the period. Invesco QQQ makes up about 3.7% of Fermata Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Fermata Advisors LLC’s holdings in Invesco QQQ were worth $16,387,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Invesco QQQ by 14.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,217 shares of the exchange traded fund’s stock worth $794,000 after buying an additional 273 shares during the period. Brasada Capital Management LP boosted its holdings in Invesco QQQ by 131.1% in the third quarter. Brasada Capital Management LP now owns 1,186 shares of the exchange traded fund’s stock worth $435,000 after purchasing an additional 5,000 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of Invesco QQQ by 26.9% during the 3rd quarter. Natixis Advisors L.P. now owns 16,118 shares of the exchange traded fund’s stock valued at $5,775,000 after acquiring an additional 3,418 shares during the last quarter. Cadence Bank grew its holdings in Invesco QQQ by 2.5% during the third quarter. Cadence Bank now owns 4,124 shares of the exchange traded fund’s stock valued at $1,478,000 after purchasing an additional 100 shares during the last quarter. Finally, Wright Fund Management LLC raised its holdings in Invesco QQQ by 4.6% in the 3rd quarter. Wright Fund Management LLC now owns 57,089 shares of the exchange traded fund’s stock worth $20,453,000 after acquiring an additional 2,500 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $4.80 during trading hours on Tuesday, hitting $478.76. 18,699,533 shares of the company’s stock were exchanged, compared to its average volume of 41,303,793. The company’s 50-day moving average price is $450.34 and its 200-day moving average price is $434.44. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $486.86.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be given a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th.

Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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