Veritable L.P. lessened its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,778 shares of the exchange traded fund’s stock after selling 1,918 shares during the quarter. Veritable L.P.’s holdings in PowerShares QQQ Trust, Series 1 were worth $6,851,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Clearwater Capital Partners LLC grew its position in shares of PowerShares QQQ Trust, Series 1 by 5.7% in the second quarter. Clearwater Capital Partners LLC now owns 11,076 shares of the exchange traded fund’s stock valued at $1,536,000 after purchasing an additional 594 shares during the period. Hancock Holding Co. acquired a new stake in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at about $293,000. Baker Avenue Asset Management LP grew its position in shares of PowerShares QQQ Trust, Series 1 by 12.2% in the second quarter. Baker Avenue Asset Management LP now owns 1,806 shares of the exchange traded fund’s stock valued at $249,000 after purchasing an additional 196 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of PowerShares QQQ Trust, Series 1 by 96.5% in the second quarter. Parametric Portfolio Associates LLC now owns 33,416 shares of the exchange traded fund’s stock valued at $8,735,000 after purchasing an additional 16,414 shares during the period. Finally, Roundview Capital LLC grew its position in shares of PowerShares QQQ Trust, Series 1 by 1.9% in the second quarter. Roundview Capital LLC now owns 24,771 shares of the exchange traded fund’s stock valued at $3,409,000 after purchasing an additional 470 shares during the period. Institutional investors own 51.79% of the company’s stock.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th will be paid a $0.3194 dividend. The ex-dividend date is Monday, September 18th. This represents a $1.28 dividend on an annualized basis and a yield of 0.89%.

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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