Occidental Asset Management LLC Purchases 86 Shares of Invesco QQQ (NASDAQ:QQQ)

Occidental Asset Management LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 842 shares of the exchange traded fund’s stock after buying an additional 86 shares during the period. Occidental Asset Management LLC’s holdings in Invesco QQQ were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the first quarter valued at approximately $29,000. Legacy Bridge LLC raised its position in Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. Finally, Red Tortoise LLC raised its position in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $451.38 on Tuesday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The firm has a 50 day simple moving average of $473.75 and a two-hundred day simple moving average of $450.67.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Monday, June 24th.

Invesco QQQ 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.