Scotia Capital Inc. raised its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,755 shares of the exchange traded fund’s stock after buying an additional 4,777 shares during the period. Scotia Capital Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $7,674,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Morgan Stanley boosted its position in PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after buying an additional 1,874,344 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in PowerShares QQQ Trust, Series 1 by 3.9% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock valued at $484,337,000 after buying an additional 130,587 shares in the last quarter. Ameriprise Financial Inc. boosted its position in PowerShares QQQ Trust, Series 1 by 12.8% in the second quarter. Ameriprise Financial Inc. now owns 1,594,763 shares of the exchange traded fund’s stock valued at $219,641,000 after buying an additional 180,843 shares in the last quarter. US Bancorp DE boosted its position in PowerShares QQQ Trust, Series 1 by 11.7% in the second quarter. US Bancorp DE now owns 1,242,292 shares of the exchange traded fund’s stock valued at $170,990,000 after buying an additional 130,266 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in PowerShares QQQ Trust, Series 1 by 8.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,554 shares of the exchange traded fund’s stock valued at $161,115,000 after buying an additional 86,838 shares in the last quarter. Hedge funds and other institutional investors own 51.48% of the company’s stock.

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Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.009% during mid-day trading on Wednesday, reaching $147.614. 4,323,995 shares of the company’s stock were exchanged. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $148.14. The company has a 50 day moving average price of $145.01 and a 200 day moving average price of $140.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders 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 dividend yield of 0.87%.

PowerShares QQQ Trust, Series 1 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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