Occidental Asset Management LLC Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Occidental Asset Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 895 shares of the exchange traded fund’s stock after purchasing an additional 70 shares during the quarter. Occidental Asset Management LLC’s holdings in Invesco QQQ were worth $457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its position in shares of Invesco QQQ by 9.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock worth $714,000 after purchasing an additional 125 shares during the last quarter. ProVise Management Group LLC grew its position in Invesco QQQ by 0.8% during the 2nd quarter. ProVise Management Group LLC now owns 8,479 shares of the exchange traded fund’s stock valued at $4,063,000 after purchasing an additional 65 shares during the last quarter. Brighton Jones LLC increased its stake in Invesco QQQ by 14.3% during the 2nd quarter. Brighton Jones LLC now owns 33,464 shares of the exchange traded fund’s stock valued at $16,033,000 after purchasing an additional 4,179 shares in the last quarter. GM Advisory Group LLC raised its holdings in Invesco QQQ by 5.7% in the second quarter. GM Advisory Group LLC now owns 1,928 shares of the exchange traded fund’s stock worth $924,000 after buying an additional 104 shares during the last quarter. Finally, Retirement Investment Advisors Inc. bought a new position in shares of Invesco QQQ in the second quarter worth approximately $3,645,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.7 %

NASDAQ:QQQ opened at $521.74 on Friday. Invesco QQQ has a 52 week low of $409.16 and a 52 week high of $539.15. The company’s 50 day moving average price is $515.79 and its 200-day moving average price is $491.80.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.