Vicus Capital raised its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 534.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,827 shares of the exchange traded fund’s stock after buying an additional 41,969 shares during the period. PowerShares QQQ Trust, Series 1 makes up about 1.4% of Vicus Capital’s holdings, making the stock its 15th largest position. Vicus Capital’s holdings in PowerShares QQQ Trust, Series 1 were worth $6,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its position in PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after buying an additional 1,874,344 shares in the last quarter. Bank of Nova Scotia increased its position in PowerShares QQQ Trust, Series 1 by 2,479.8% in the first quarter. Bank of Nova Scotia now owns 1,029,923 shares of the exchange traded fund’s stock valued at $136,341,000 after buying an additional 990,000 shares in the last quarter. Quantitative Investment Management LLC increased its position in PowerShares QQQ Trust, Series 1 by 148.0% in the first quarter. Quantitative Investment Management LLC now owns 1,173,500 shares of the exchange traded fund’s stock valued at $155,347,000 after buying an additional 700,400 shares in the last quarter. AQR Capital Management LLC purchased a new position in PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $78,292,000. Finally, Tower Research Capital LLC TRC increased its position in PowerShares QQQ Trust, Series 1 by 930.1% in the first quarter. Tower Research Capital LLC TRC now owns 549,109 shares of the exchange traded fund’s stock valued at $72,691,000 after buying an additional 495,801 shares in the last quarter. 39.25% of the stock is owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.42% during mid-day trading on Monday, reaching $144.25. The company’s stock had a trading volume of 8,151,469 shares. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $145.96. The company’s 50-day moving average is $140.84 and its 200 day moving average is $134.74.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were issued a dividend of $0.3784 per share. The ex-dividend date was Friday, June 16th. This is a boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. This represents a $1.51 annualized dividend and a yield of 1.05%.

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Separately, Vetr raised PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 price objective for the company in a research note on Tuesday, May 23rd.

About PowerShares QQQ Trust, Series 1

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 PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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