Astor Investment Management LLC raised its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 94.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 289,377 shares of the exchange traded fund’s stock after purchasing an additional 140,540 shares during the quarter. PowerShares QQQ Trust, Series 1 accounts for about 8.4% of Astor Investment Management LLC’s investment portfolio, making the stock its 3rd largest position. Astor Investment Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $42,090,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Maple Capital Management Inc. lifted its holdings in PowerShares QQQ Trust, Series 1 by 0.5% during the second quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock valued at $306,000 after purchasing an additional 10 shares in the last quarter. United Asset Strategies Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.3% during the second quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock valued at $725,000 after buying an additional 15 shares during the last quarter. Benchmark Capital Advisors raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.8% during the second quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock valued at $264,000 after buying an additional 15 shares during the last quarter. HMS Capital Management LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.5% during the second quarter. HMS Capital Management LLC now owns 3,491 shares of the exchange traded fund’s stock valued at $480,000 after buying an additional 19 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after buying an additional 20 shares during the last quarter. 51.83% of the stock is currently owned by institutional investors and hedge funds.

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PowerShares QQQ Trust, Series 1 (QQQ) traded down 0.01% during midday trading on Tuesday, hitting $148.83. 6,961,081 shares of the stock traded hands. The company’s 50 day moving average price is $145.57 and its 200 day moving average price is $140.77. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $148.95.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th will be given a $0.3194 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.28 annualized dividend and a yield of 0.86%.

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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