QQQ Stock: Comerica Bank Buys 1,472 Shares of PowerShares QQQ Trust, Series 1

0
92

Comerica Bank increased its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 8.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 18,799 shares of the exchange traded fund’s stock after purchasing an additional 1,472 shares during the period. Comerica Bank’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Financial Corp IN increased its stake in PowerShares QQQ Trust, Series 1 by 189.3% in the 2nd quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 530 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in PowerShares QQQ Trust, Series 1 by 48.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after acquiring an additional 291 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after acquiring an additional 20 shares during the last quarter. Bristlecone Advisors LLC bought a new position in PowerShares QQQ Trust, Series 1 in the 3rd quarter worth about $165,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in PowerShares QQQ Trust, Series 1 by 29.7% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,464 shares of the exchange traded fund’s stock worth $201,000 after acquiring an additional 335 shares during the last quarter. 42.18% of the stock is currently owned by institutional investors and hedge funds.

PowerShares QQQ Trust, Series 1 (QQQ) opened at $156.59 on Wednesday. PowerShares QQQ Trust, Series 1 has a one year low of $115.22 and a one year high of $156.69.

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

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.

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here