Investment Partners Ltd. OH ADV increased its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,759 shares of the exchange traded fund’s stock after buying an additional 3 shares during the period. Investment Partners Ltd. OH ADV’s holdings in PowerShares QQQ Trust, Series 1 were worth $242,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in QQQ. WealthTrust Fairport LLC boosted its position in shares of PowerShares QQQ Trust, Series 1 by 0.3% in the first quarter. WealthTrust Fairport LLC now owns 2,092 shares of the exchange traded fund’s stock valued at $277,000 after buying an additional 6 shares during the last quarter. Maple Capital Management Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 0.5% in the second quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock valued at $306,000 after buying an additional 10 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of PowerShares QQQ Trust, Series 1 by 0.5% in the first quarter. Great Lakes Advisors LLC now owns 4,549 shares of the exchange traded fund’s stock valued at $602,000 after buying an additional 21 shares during the last quarter. Stockman Wealth Management Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 0.4% in the first quarter. Stockman Wealth Management Inc. now owns 5,622 shares of the exchange traded fund’s stock valued at $744,000 after buying an additional 21 shares during the last quarter. Finally, Gradient Investments LLC boosted its position in shares of PowerShares QQQ Trust, Series 1 by 1.3% in the second quarter. Gradient Investments LLC now owns 1,639 shares of the exchange traded fund’s stock valued at $226,000 after buying an additional 21 shares during the last quarter. Institutional investors own 39.25% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded up 0.82% during trading on Friday, hitting $142.19. The stock had a trading volume of 26,266,749 shares. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $145.96. The firm has a 50-day moving average of $141.61 and a 200 day moving average of $135.51. PowerShares QQQ Trust, Series 1 also saw unusually large options trading activity on Thursday. Traders acquired 652,577 put options on the company. This represents an increase of approximately 125% compared to the average volume of 289,958 put options.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were issued a $0.3784 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.07%. 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.

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Separately, Vetr upgraded 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 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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