10 15 Associates Inc. grew its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 60.1% during the second quarter, HoldingsChannel reports. The firm owned 20,000 shares of the exchange traded fund’s stock after acquiring an additional 7,506 shares during the period. 10 15 Associates Inc.’s holdings in Invesco QQQ Trust were worth $3,433,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Maple Capital Management Inc. lifted its stake in shares of Invesco QQQ Trust by 19.0% during the first quarter. Maple Capital Management Inc. now owns 2,916 shares of the exchange traded fund’s stock valued at $467,000 after acquiring an additional 465 shares during the period. North Star Investment Management Corp. lifted its stake in shares of Invesco QQQ Trust by 70.1% during the second quarter. North Star Investment Management Corp. now owns 4,942 shares of the exchange traded fund’s stock valued at $848,000 after acquiring an additional 2,036 shares during the period. Private Asset Management Inc. acquired a new position in shares of Invesco QQQ Trust during the second quarter valued at $761,000. WealthTrust Arizona LLC lifted its stake in shares of Invesco QQQ Trust by 9.2% during the second quarter. WealthTrust Arizona LLC now owns 81,952 shares of the exchange traded fund’s stock valued at $14,067,000 after acquiring an additional 6,875 shares during the period. Finally, Dimension Capital Management LLC acquired a new position in shares of Invesco QQQ Trust during the second quarter valued at $221,000. 41.93% of the stock is currently owned by institutional investors.

Shares of QQQ opened at $179.86 on Monday. Invesco QQQ Trust has a 12-month low of $140.18 and a 12-month high of $182.93.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Tuesday, June 19th were paid a dividend of $0.3764 per share. This represents a $1.51 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Monday, June 18th. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.28.

Invesco QQQ Trust 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.

Further Reading: Momentum Indicator: Relative Strength Index

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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