Texas Yale Capital Corp. lowered its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 4.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 76,964 shares of the exchange traded fund’s stock after selling 3,510 shares during the period. PowerShares QQQ Trust, Series 1 makes up approximately 1.0% of Texas Yale Capital Corp.’s holdings, making the stock its 14th biggest position. Texas Yale Capital Corp.’s holdings in PowerShares QQQ Trust, Series 1 were worth $11,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Buckingham Asset Management LLC lifted its stake in PowerShares QQQ Trust, Series 1 by 21.1% during the 2nd quarter. Buckingham Asset Management LLC now owns 10,528 shares of the exchange traded fund’s stock valued at $1,449,000 after acquiring an additional 1,835 shares during the period. Beaton Management Co. Inc. bought a new position in shares of PowerShares QQQ Trust, Series 1 in the 2nd quarter worth approximately $745,000. First Commonwealth Financial Corp PA bought a new position in shares of PowerShares QQQ Trust, Series 1 in the 2nd quarter worth approximately $487,000. SignalPoint Asset Management LLC bought a new position in shares of PowerShares QQQ Trust, Series 1 in the 3rd quarter worth approximately $269,000. Finally, NTV Asset Management LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 1.0% in the 2nd quarter. NTV Asset Management LLC now owns 70,406 shares of the exchange traded fund’s stock worth $9,690,000 after purchasing an additional 685 shares during the period. Institutional investors and hedge funds own 53.80% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up $1.67 during trading hours on Wednesday, hitting $155.50. 20,147,700 shares of the stock traded hands, compared to its average volume of 27,400,164. PowerShares QQQ Trust, Series 1 has a 52-week low of $115.22 and a 52-week high of $155.57.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th were paid a $0.3194 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Monday, September 18th.

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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.

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

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