Exane Derivatives acquired a new position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,112 shares of the exchange traded fund’s stock, valued at approximately $153,000.

Several other hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its stake in PowerShares QQQ Trust, Series 1 by 4.1% in the fourth quarter. FMR LLC now owns 119,821 shares of the exchange traded fund’s stock worth $14,196,000 after buying an additional 4,750 shares during the last quarter. Ibex Wealth Advisors bought a new stake in PowerShares QQQ Trust, Series 1 during the fourth quarter worth $663,000. Baltimore Washington Financial Advisors Inc. increased its stake in PowerShares QQQ Trust, Series 1 by 11.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 72,967 shares of the exchange traded fund’s stock worth $8,645,000 after buying an additional 7,687 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in PowerShares QQQ Trust, Series 1 by 17.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 48,116 shares of the exchange traded fund’s stock worth $5,701,000 after buying an additional 7,116 shares during the last quarter. Finally, M Holdings Securities Inc. increased its stake in PowerShares QQQ Trust, Series 1 by 157.0% in the fourth quarter. M Holdings Securities Inc. now owns 58,692 shares of the exchange traded fund’s stock worth $6,954,000 after buying an additional 35,854 shares during the last quarter. Institutional investors own 36.83% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 143.98 on Thursday. The stock’s 50 day moving average is $140.33 and its 200-day moving average is $133.27. PowerShares QQQ Trust, Series 1 has a 52-week low of $112.87 and a 52-week high of $144.19.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th will be issued a dividend of $0.3784 per share. The ex-dividend date of this dividend is Friday, June 16th. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.05%.

ILLEGAL ACTIVITY WARNING: “Exane Derivatives Takes Position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/07/20/exane-derivatives-takes-position-in-powershares-qqq-trust-series-1-nasdaqqqq.html.

Separately, Vetr raised shares of PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 price target for the company in a research report on Tuesday, May 23rd.

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.

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

Receive News & Stock Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related stocks with our FREE daily email newsletter.