Invesco QQQ (NASDAQ:QQQ) Shares Sold by Fermata Advisors LLC

Fermata Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,091 shares of the exchange traded fund’s stock after selling 4,425 shares during the period. Invesco QQQ accounts for approximately 3.5% of Fermata Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Fermata Advisors LLC’s holdings in Invesco QQQ were worth $18,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Bridge LLC raised its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas bought a new stake in Invesco QQQ in the 3rd quarter valued at $62,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the last quarter. Pacifica Partners Inc. bought a new position in Invesco QQQ during the fourth quarter worth $73,000. Finally, Providence Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the second quarter valued at $76,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.7 %

Shares of QQQ stock opened at $513.08 on Friday. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15. The company has a 50-day simple moving average of $515.79 and a 200 day simple moving average of $491.65.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.