Willingdon Wealth Management Has $3.05 Million Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Willingdon Wealth Management lessened its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,307 shares of the exchange traded fund’s stock after selling 293 shares during the quarter. Willingdon Wealth Management’s holdings in Invesco QQQ Trust were worth $3,045,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of QQQ. CHURCHILL MANAGEMENT Corp bought a new position in shares of Invesco QQQ Trust during the first quarter worth approximately $596,218,000. Ipswich Investment Management Co. Inc. increased its stake in shares of Invesco QQQ Trust by 1.3% during the first quarter. Ipswich Investment Management Co. Inc. now owns 5,038 shares of the exchange traded fund’s stock worth $905,000 after purchasing an additional 65 shares during the period. First Manhattan Co. increased its stake in shares of Invesco QQQ Trust by 10.1% during the first quarter. First Manhattan Co. now owns 7,629 shares of the exchange traded fund’s stock worth $1,370,000 after purchasing an additional 700 shares during the period. Ironwood Wealth Management LLC. increased its stake in shares of Invesco QQQ Trust by 1.9% during the first quarter. Ironwood Wealth Management LLC. now owns 13,687 shares of the exchange traded fund’s stock worth $2,459,000 after purchasing an additional 260 shares during the period. Finally, David R. Rahn & Associates Inc. increased its stake in shares of Invesco QQQ Trust by 772.6% during the first quarter. David R. Rahn & Associates Inc. now owns 17,889 shares of the exchange traded fund’s stock worth $3,214,000 after purchasing an additional 15,839 shares during the period. 40.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ QQQ traded up $4.26 during trading hours on Tuesday, reaching $188.61. 4,930,464 shares of the stock were exchanged, compared to its average volume of 32,811,994. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $195.55. The company’s fifty day simple moving average is $190.10.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, June 25th were paid a dividend of $0.416 per share. The ex-dividend date was Monday, June 24th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.88%.

About Invesco QQQ Trust

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.

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

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