Pinnacle Family Advisors LLC increased its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 2,287.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,214 shares of the exchange traded fund’s stock after purchasing an additional 93,142 shares during the period. PowerShares QQQ Trust, Series 1 makes up about 7.5% of Pinnacle Family Advisors LLC’s holdings, making the stock its 2nd biggest holding. Pinnacle Family Advisors LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $13,381,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Maple Capital Management Inc. boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 0.5% in the 2nd 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. boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 0.3% in the 2nd quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock valued at $725,000 after purchasing an additional 15 shares in the last quarter. Benchmark Capital Advisors boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 0.8% in the 2nd quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 15 shares in the last quarter. HMS Capital Management LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 0.5% in the 2nd quarter. HMS Capital Management LLC now owns 3,491 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 19 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 20 shares in the last quarter. 51.83% of the stock is owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.2597% during midday trading on Friday, hitting $148.6952. 7,214,609 shares of the stock were exchanged. The firm has a 50-day moving average of $146.13 and a 200-day moving average of $141.11. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $149.21.

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

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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.

Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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