Wagner Bowman Management Corp lowered its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,227 shares of the exchange traded fund’s stock after selling 130 shares during the period. Wagner Bowman Management Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ELM Advisors LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 13.3% in the first quarter. ELM Advisors LLC now owns 10,219 shares of the exchange traded fund’s stock worth $1,353,000 after buying an additional 1,200 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 6.6% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 5,626 shares of the exchange traded fund’s stock worth $745,000 after buying an additional 347 shares in the last quarter. Bremer Trust National Association acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the first quarter worth $266,000. Ipswich Investment Management Co. Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 17.3% in the first quarter. Ipswich Investment Management Co. Inc. now owns 5,795 shares of the exchange traded fund’s stock worth $767,000 after buying an additional 855 shares in the last quarter. Finally, Regentatlantic Capital LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 7.3% in the first quarter. Regentatlantic Capital LLC now owns 5,163 shares of the exchange traded fund’s stock worth $684,000 after buying an additional 351 shares in the last quarter. 39.25% of the stock is currently owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down 0.2953% during mid-day trading on Wednesday, reaching $143.8839. The company’s stock had a trading volume of 26,005,115 shares. The firm’s 50 day moving average price is $141.17 and its 200 day moving average price is $134.93. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $145.96.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were given a $0.3784 dividend. 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%. The ex-dividend date of this dividend was Friday, June 16th.

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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 on the stock in a report on Tuesday, May 23rd.

PowerShares QQQ Trust, Series 1 Company 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.

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Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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