Deltec Asset Management LLC maintained its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,587 shares of the exchange traded fund’s stock at the end of the second quarter. Deltec Asset Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $218,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Ipswich Investment Management Co. Inc. boosted its stake in 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 during the period. Forward Management LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 199.9% in the first quarter. Forward Management LLC now owns 363,388 shares of the exchange traded fund’s stock worth $48,105,000 after buying an additional 242,208 shares during the period. Main Street Research LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the first quarter worth approximately $202,000. V Wealth Management LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 533.0% in the first quarter. V Wealth Management LLC now owns 21,762 shares of the exchange traded fund’s stock worth $2,880,000 after buying an additional 18,324 shares during the period. Finally, Wexford Capital LP boosted its stake in PowerShares QQQ Trust, Series 1 by 33.9% in the first quarter. Wexford Capital LP now owns 183,383 shares of the exchange traded fund’s stock worth $24,276,000 after buying an additional 46,395 shares during the period. 39.25% of the stock is currently owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.83% during midday trading on Friday, hitting $142.20. 26,270,883 shares of the company were exchanged. The stock has a 50 day moving average of $141.61 and a 200-day moving average of $135.51. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $145.96. PowerShares QQQ Trust, Series 1 also was the recipient of some unusual options trading activity on Thursday. Traders purchased 652,577 put options on the stock. This represents an increase of 125% compared to the average daily volume of 289,958 put options.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were paid 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 dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, June 16th.

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Separately, Vetr raised 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.

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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