Rothschild Investment Corp IL raised its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 34,279 shares of the exchange traded fund’s stock after buying an additional 885 shares during the quarter. Rothschild Investment Corp IL’s holdings in PowerShares QQQ Trust, Series 1 were worth $5,339,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in shares of PowerShares QQQ Trust, Series 1 by 82.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,287 shares of the exchange traded fund’s stock valued at $591,000 after buying an additional 1,937 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of 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 last quarter. FMR LLC grew its stake in shares of PowerShares QQQ Trust, Series 1 by 4.3% during the second quarter. FMR LLC now owns 132,530 shares of the exchange traded fund’s stock valued at $18,241,000 after buying an additional 5,512 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of PowerShares QQQ Trust, Series 1 by 96.5% during the second quarter. Parametric Portfolio Associates LLC now owns 33,416 shares of the exchange traded fund’s stock valued at $8,735,000 after buying an additional 16,414 shares during the last quarter. Finally, Baker Avenue Asset Management LP grew its stake in shares of 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 buying an additional 196 shares during the last quarter. Institutional investors and hedge funds own 39.42% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up $1.78 during trading hours on Tuesday, reaching $168.12. The company had a trading volume of 26,081,300 shares, compared to its average volume of 30,029,699. PowerShares QQQ Trust, Series 1 has a 52 week low of $122.57 and a 52 week high of $168.12.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were paid a $0.3294 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.32 annualized dividend and a yield of 0.78%. This is a boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.32.

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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.

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)

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