Invesco QQQ $QQQ is Fermata Advisors LLC's 9th Largest Position

Key Points

• Fermata Advisors LLC reduced its position in Invesco QQQ by 59.5% in the second quarter, now holding 13,751 shares, which represents 2.0% of its portfolio and makes it the 9th largest position for the firm.
• Goldman Sachs Group Inc. significantly increased its holdings in Invesco QQQ by 959.6% during the first quarter, acquiring nearly 24 million shares valued at approximately $11.3 billion.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, with an annualized yield of 0.4%, reflecting ongoing efforts to reward shareholders.

Fermata Advisors LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 59.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,751 shares of the exchange traded fund's stock after selling 20,172 shares during the quarter. Invesco QQQ accounts for 2.0% of Fermata Advisors LLC's portfolio, making the stock its 9th biggest holding. Fermata Advisors LLC's holdings in Invesco QQQ were worth $7,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Goldman Sachs Group Inc. increased its position in Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ in the first quarter worth about $2,775,904,000. GAMMA Investing LLC increased its position in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Spear Holdings RSC Ltd purchased a new stake in Invesco QQQ in the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in Invesco QQQ in the first quarter worth about $463,293,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.1%

NASDAQ QQQ opened at $591.18 on Wednesday. The business has a 50-day moving average price of $569.81 and a 200-day moving average price of $521.75. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $592.86.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

About Invesco QQQ

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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