Occidental Asset Management LLC Sells 2,356 Shares of Invesco QQQ (NASDAQ:QQQ)

Occidental Asset Management LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 77.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 670 shares of the exchange traded fund’s stock after selling 2,356 shares during the period. Occidental Asset Management LLC’s holdings in Invesco QQQ were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Etfidea LLC lifted its position in Invesco QQQ by 19.3% in the 2nd quarter. Etfidea LLC now owns 15,502 shares of the exchange traded fund’s stock valued at $5,727,000 after acquiring an additional 2,511 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 8.3% in the second quarter. Capital Advisors Wealth Management LLC now owns 4,523 shares of the exchange traded fund’s stock valued at $1,671,000 after purchasing an additional 345 shares in the last quarter. Scott Capital Advisors LLC boosted its position in shares of Invesco QQQ by 0.6% during the second quarter. Scott Capital Advisors LLC now owns 11,083 shares of the exchange traded fund’s stock valued at $4,094,000 after buying an additional 63 shares during the last quarter. Advisory Resource Group grew its holdings in Invesco QQQ by 5.3% during the second quarter. Advisory Resource Group now owns 12,371 shares of the exchange traded fund’s stock worth $4,570,000 after buying an additional 627 shares in the last quarter. Finally, Planned Solutions Inc. raised its position in Invesco QQQ by 4.2% in the 2nd quarter. Planned Solutions Inc. now owns 18,615 shares of the exchange traded fund’s stock valued at $6,877,000 after buying an additional 752 shares during the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $370.66 on Tuesday. The stock’s fifty day simple moving average is $373.20 and its two-hundred day simple moving average is $348.47. Invesco QQQ has a 1-year low of $254.26 and a 1-year high of $387.98.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 19th will be issued a dividend of $0.5389 per share. The ex-dividend date is Monday, September 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.