Private Wealth Partners LLC purchased a new position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,435 shares of the exchange traded fund’s stock, valued at approximately $209,000.

A number of other hedge funds have also made changes to their positions in the stock. First Financial Corp IN lifted its position in PowerShares QQQ Trust, Series 1 by 189.3% during the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 530 shares during the period. UBS Asset Management Americas Inc. lifted its position in PowerShares QQQ Trust, Series 1 by 48.5% during the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after buying an additional 291 shares during the period. Tradewinds Capital Management LLC lifted its position in 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 period. Botty Investors LLC purchased a new position in PowerShares QQQ Trust, Series 1 during the first quarter valued at $132,000. Finally, Exane Derivatives purchased a new position in PowerShares QQQ Trust, Series 1 during the second quarter valued at $153,000. 52.59% of the stock is owned by institutional investors.

PowerShares QQQ Trust, Series 1 (QQQ) traded down $0.01 on Monday, hitting $153.68. The stock had a trading volume of 20,150,700 shares, compared to its average volume of 27,512,615. PowerShares QQQ Trust, Series 1 has a 12-month low of $114.03 and a 12-month high of $154.54.

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

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

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