Occidental Asset Management LLC Has $325,000 Position in Invesco QQQ (NASDAQ:QQQ)

Occidental Asset Management LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 18.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 794 shares of the exchange traded fund’s stock after purchasing an additional 124 shares during the period. Occidental Asset Management LLC’s holdings in Invesco QQQ were worth $325,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 180 Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 1.2% in the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after acquiring an additional 29 shares during the last quarter. Goodwin Daniel L increased its stake in shares of Invesco QQQ by 76.1% in the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after acquiring an additional 2,495 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. VitalStone Financial LLC grew its position in shares of Invesco QQQ by 302.0% in the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after purchasing an additional 16,079 shares during the period. Finally, Scarborough Advisors LLC grew its position in shares of Invesco QQQ by 73.3% in the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after purchasing an additional 581 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

Shares of NASDAQ QQQ traded down $0.82 during trading hours on Friday, hitting $444.01. The company had a trading volume of 36,839,641 shares, compared to its average volume of 45,533,704. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34. The firm’s 50 day moving average is $434.46 and its 200-day moving average is $399.97.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

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.