QQQ Stock: PowerShares QQQ Trust, Series 1 Position Increased by Capital Advisors Ltd. LLC

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Capital Advisors Ltd. LLC boosted its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 29.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,676 shares of the exchange traded fund’s stock after purchasing an additional 3,300 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in PowerShares QQQ Trust, Series 1 by 48.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 291 shares during the period. Atlantic Trust LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 65.2% during the 3rd quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock valued at $134,000 after purchasing an additional 363 shares during the period. Asset Planning Services Ltd. boosted its stake in PowerShares QQQ Trust, Series 1 by 79.9% during the 3rd quarter. Asset Planning Services Ltd. now owns 1,108 shares of the exchange traded fund’s stock valued at $161,000 after purchasing an additional 492 shares during the period. Bristlecone Advisors LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the 3rd quarter valued at approximately $165,000. Finally, FTB Advisors Inc. boosted its stake in PowerShares QQQ Trust, Series 1 by 74.0% during the 3rd quarter. FTB Advisors Inc. now owns 1,223 shares of the exchange traded fund’s stock valued at $178,000 after purchasing an additional 520 shares during the period. Hedge funds and other institutional investors own 39.36% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) traded up $1.20 during trading hours on Tuesday, reaching $164.49. The company had a trading volume of 37,761,000 shares, compared to its average volume of 28,211,666. PowerShares QQQ Trust, Series 1 has a 1 year low of $122.43 and a 1 year high of $164.66.

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

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.

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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