CWH Capital Management Inc. increased its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 30.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 123,113 shares of the exchange traded fund’s stock after buying an additional 28,455 shares during the period. PowerShares QQQ Trust, Series 1 makes up approximately 8.5% of CWH Capital Management Inc.’s holdings, making the stock its 3rd largest position. CWH Capital Management Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $16,298,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp raised its stake in PowerShares QQQ Trust, Series 1 by 2.2% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 3,388,278 shares of the exchange traded fund’s stock worth $448,540,000 after buying an additional 73,281 shares in the last quarter. Ameriprise Financial Inc. raised its stake in PowerShares QQQ Trust, Series 1 by 5.2% in the first quarter. Ameriprise Financial Inc. now owns 1,413,920 shares of the exchange traded fund’s stock worth $186,652,000 after buying an additional 69,876 shares in the last quarter. Quantitative Investment Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 148.0% in the first quarter. Quantitative Investment Management LLC now owns 1,173,500 shares of the exchange traded fund’s stock worth $155,347,000 after buying an additional 700,400 shares in the last quarter. US Bancorp DE increased its position in PowerShares QQQ Trust, Series 1 by 4.6% in the first quarter. US Bancorp DE now owns 1,112,026 shares of the exchange traded fund’s stock worth $147,210,000 after buying an additional 48,629 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in PowerShares QQQ Trust, Series 1 by 9.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,083,716 shares of the exchange traded fund’s stock worth $143,462,000 after buying an additional 90,763 shares during the last quarter. Institutional investors and hedge funds own 35.87% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.18% on Friday, reaching $143.65. 29,470,469 shares of the company’s stock traded hands. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $145.96. The firm’s 50 day moving average price is $140.84 and its 200 day moving average price is $134.74.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were paid a $0.3784 dividend. The ex-dividend date was 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%.

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Separately, Vetr upgraded shares of PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 target price on the stock 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)

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