1ST Source Bank held its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,201 shares of the exchange traded fund’s stock at the end of the second quarter. 1ST Source Bank’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,128,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in QQQ. First Financial Corp IN raised 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 during the period. Bartlett & Co. LLC raised 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 during the period. Signature Estate & Investment Advisors LLC acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $125,000. Botty Investors LLC acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $132,000. Finally, Hartford Financial Management Inc. acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $139,000. 39.25% of the stock is currently owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 142.10 on Friday. The stock has a 50 day moving average price of $141.65 and a 200 day moving average price of $135.65. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $145.96. PowerShares QQQ Trust, Series 1 also was the target of some unusual options trading on Thursday. Investors bought 652,577 put options on the company. This is an increase of approximately 125% compared to the average daily volume of 289,958 put options.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were given a $0.3784 dividend. The ex-dividend date of this dividend was Friday, June 16th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27.

WARNING: “1ST Source Bank Has $1,128,000 Stake in PowerShares QQQ Trust, Series 1 (QQQ)” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/08/13/1st-source-bank-has-1128000-stake-in-powershares-qqq-trust-series-1-qqq.html.

Separately, Vetr raised 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 research note 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.