Visionary Asset Management Inc. bought a new position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 1,550 shares of the exchange traded fund’s stock, valued at approximately $213,000.

A number of other large investors also recently bought and sold shares of QQQ. WealthTrust Fairport LLC increased its position in shares of PowerShares QQQ Trust, Series 1 by 0.3% in the first quarter. WealthTrust Fairport LLC now owns 2,092 shares of the exchange traded fund’s stock valued at $277,000 after buying an additional 6 shares during the period. Quadrant Capital Group LLC increased its stake in PowerShares QQQ Trust, Series 1 by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 3,080 shares of the exchange traded fund’s stock worth $404,000 after buying an additional 20 shares during the last quarter. Great Lakes Advisors LLC increased its stake in PowerShares QQQ Trust, Series 1 by 0.5% in the first quarter. Great Lakes Advisors LLC now owns 4,549 shares of the exchange traded fund’s stock worth $602,000 after buying an additional 21 shares during the last quarter. Stockman Wealth Management Inc. increased its stake in shares of PowerShares QQQ Trust, Series 1 by 0.4% in the first quarter. Stockman Wealth Management Inc. now owns 5,622 shares of the exchange traded fund’s stock valued at $744,000 after buying an additional 21 shares in the last quarter. Finally, Renaissance Investment Group LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 1.2% in the first quarter. Renaissance Investment Group LLC now owns 1,950 shares of the exchange traded fund’s stock valued at $258,000 after buying an additional 24 shares in the last quarter. 39.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) traded up 0.63% during midday trading on Monday, hitting $144.56. 17,896,003 shares of the company’s stock traded hands. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $145.96. The company has a 50 day moving average price of $140.84 and a 200 day moving average price of $134.74.

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

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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 on the stock in a research report on Tuesday, May 23rd.

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.

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

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