FDx Advisors Inc. trimmed its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 54.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,159 shares of the exchange traded fund’s stock after selling 21,505 shares during the quarter. FDx Advisors Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. First Financial Corp IN boosted 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 acquiring an additional 530 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 48.5% in the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 291 shares during the period. Tradewinds Capital Management LLC boosted its position in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after acquiring an additional 20 shares during the period. Botty Investors LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at approximately $132,000. Finally, Exane Derivatives bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at approximately $153,000. 51.85% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2017/11/12/fdx-advisors-inc-trims-stake-in-powershares-qqq-trust-series-1-qqq.html.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded down $0.01 during mid-day trading on Friday, reaching $153.68. The company had a trading volume of 20,150,700 shares, compared to its average volume of 27,766,816. PowerShares QQQ Trust, Series 1 has a 52-week low of $114.03 and a 52-week high of $154.54.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th were given a $0.3194 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $1.28 annualized dividend and a yield of 0.83%.

About PowerShares QQQ Trust, Series 1

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.