Diversified Trust Co trimmed its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 18.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,685 shares of the exchange traded fund’s stock after selling 594 shares during the period. Diversified Trust Co’s holdings in PowerShares QQQ Trust, Series 1 were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bouchey Financial Group Ltd grew its stake in PowerShares QQQ Trust, Series 1 by 1.4% in the 4th quarter. Bouchey Financial Group Ltd now owns 266,134 shares of the exchange traded fund’s stock valued at $41,453,000 after buying an additional 3,699 shares in the last quarter. Syntal Capital Partners LLC purchased a new position in PowerShares QQQ Trust, Series 1 in the 4th quarter valued at approximately $523,000. WealthTrust Arizona LLC grew its stake in PowerShares QQQ Trust, Series 1 by 24.9% in the 4th quarter. WealthTrust Arizona LLC now owns 58,503 shares of the exchange traded fund’s stock valued at $9,112,000 after buying an additional 11,646 shares in the last quarter. Benin Management CORP grew its stake in PowerShares QQQ Trust, Series 1 by 32.3% in the 4th quarter. Benin Management CORP now owns 3,314 shares of the exchange traded fund’s stock valued at $516,000 after buying an additional 810 shares in the last quarter. Finally, Sterling Investment Management Inc. purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the 4th quarter valued at $413,000. Institutional investors and hedge funds own 39.36% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $166.34 on Friday. PowerShares QQQ Trust, Series 1 has a 1 year low of $122.57 and a 1 year high of $166.61.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were given a dividend of $0.3294 per share. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, December 18th.

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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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