Fermata Advisors LLC Sells 2,410 Shares of Invesco QQQ $QQQ

Fermata Advisors LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 17.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,341 shares of the exchange traded fund’s stock after selling 2,410 shares during the period. Invesco QQQ accounts for about 1.7% of Fermata Advisors LLC’s portfolio, making the stock its 12th biggest holding. Fermata Advisors LLC’s holdings in Invesco QQQ were worth $6,809,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ during the 2nd quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the second quarter worth $41,000. Moser Wealth Advisors LLC grew its stake in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares in the last quarter. Ransom Advisory Ltd purchased a new position in Invesco QQQ during the first quarter valued at $70,000. Finally, Barrett & Company Inc. increased its holdings in Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.4%

Shares of QQQ stock opened at $609.11 on Friday. The company’s fifty day simple moving average is $613.59 and its two-hundred day simple moving average is $582.63. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

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.