Oxbow Advisors LLC continued to hold its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, Holdings Channel reports. The fund owned 7,430 shares of the exchange traded fund’s stock at the end of the second quarter. Oxbow Advisors LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Financial Corp IN boosted its position in shares of PowerShares QQQ Trust, Series 1 by 189.3% in the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 530 shares in the last quarter. Bartlett & Co. LLC boosted its position in shares of PowerShares QQQ Trust, Series 1 by 29.1% in the first quarter. Bartlett & Co. LLC now owns 937 shares of the exchange traded fund’s stock valued at $124,000 after buying an additional 211 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at about $125,000. Botty Investors LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the first quarter valued at $132,000. Finally, Hartford Financial Management Inc. bought a new stake in PowerShares QQQ Trust, Series 1 during the first quarter valued at $139,000. Hedge funds and other institutional investors own 39.25% of the company’s stock.

PowerShares QQQ Trust, Series 1 (QQQ) traded down 1.69% during mid-day trading on Thursday, reaching $141.69. 29,442,095 shares of the company traded hands. The company’s 50 day moving average price is $141.60 and its 200 day moving average price is $135.48. PowerShares QQQ Trust, Series 1 has a 12-month low of $113.45 and a 12-month high of $145.96.

The business also recently declared 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. This represents a $1.51 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, June 16th. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27.

COPYRIGHT VIOLATION WARNING: This story was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/10/oxbow-advisors-llc-holds-stake-in-powershares-qqq-trust-series-1-qqq.html.

Separately, Vetr upgraded shares of PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 price target 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

Receive News & Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related companies with MarketBeat.com's FREE daily email newsletter.