Fermata Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,923 shares of the exchange traded fund's stock after selling 3,168 shares during the quarter. Invesco QQQ accounts for 2.9% of Fermata Advisors LLC's investment portfolio, making the stock its 7th largest position. Fermata Advisors LLC's holdings in Invesco QQQ were worth $15,907,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $51,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
Shares of QQQ stock traded up $5.13 on Friday, hitting $529.92. The stock had a trading volume of 42,389,151 shares, compared to its average volume of 37,947,429. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The firm has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The stock's 50 day moving average is $482.06 and its 200-day moving average is $501.70.
Invesco QQQ Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
About Invesco QQQ
(
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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