NEXT Financial Group Inc cut its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,913 shares of the exchange traded fund’s stock after selling 6,672 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises approximately 2.3% of NEXT Financial Group Inc’s investment portfolio, making the stock its 5th biggest holding. NEXT Financial Group Inc’s holdings in PowerShares QQQ Trust, Series 1 were worth $5,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in PowerShares QQQ Trust, Series 1 by 0.8% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 6,182 shares of the exchange traded fund’s stock valued at $851,000 after purchasing an additional 50 shares during the period. Financial Enhancement Group LLC lifted its position in PowerShares QQQ Trust, Series 1 by 1.6% during the second quarter. Financial Enhancement Group LLC now owns 4,057 shares of the exchange traded fund’s stock valued at $558,000 after purchasing an additional 64 shares during the period. Raab & Moskowitz Asset Management LLC lifted its position in PowerShares QQQ Trust, Series 1 by 2.6% during the second quarter. Raab & Moskowitz Asset Management LLC now owns 3,495 shares of the exchange traded fund’s stock valued at $492,000 after purchasing an additional 90 shares during the period. Moors & Cabot Inc. lifted its position in PowerShares QQQ Trust, Series 1 by 3.6% during the second quarter. Moors & Cabot Inc. now owns 5,013 shares of the exchange traded fund’s stock valued at $693,000 after purchasing an additional 176 shares during the period. Finally, Baker Avenue Asset Management LP lifted its position in PowerShares QQQ Trust, Series 1 by 12.2% during the second quarter. Baker Avenue Asset Management LP now owns 1,806 shares of the exchange traded fund’s stock valued at $249,000 after purchasing an additional 196 shares during the period. 39.36% of the stock is currently owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $164.02 on Wednesday. PowerShares QQQ Trust, Series 1 has a 1 year low of $122.43 and a 1 year high of $166.41.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th were given a $0.3294 dividend. The ex-dividend date was Monday, December 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.80%. This is an increase from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.32.

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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.

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

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