North Star Investment Management Corp. decreased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,257 shares of the exchange traded fund’s stock after selling 144 shares during the period. North Star Investment Management Corp.’s holdings in PowerShares QQQ Trust, Series 1 were worth $311,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of QQQ. Morgan Stanley increased its position in shares of PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after buying an additional 1,874,344 shares during the period. CHURCHILL MANAGEMENT Corp increased its position in shares of PowerShares QQQ Trust, Series 1 by 3.9% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock valued at $484,337,000 after buying an additional 130,587 shares during the period. Ameriprise Financial Inc. increased its position in shares of 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 valued at $186,652,000 after buying an additional 69,876 shares during the period. Quantitative Investment Management LLC increased its position in shares of 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 valued at $155,347,000 after buying an additional 700,400 shares during the period. Finally, US Bancorp DE increased its position in shares of 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 valued at $147,210,000 after buying an additional 48,629 shares during the period. 38.35% of the stock is owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down 0.07% on Friday, hitting $141.23. 60,751,940 shares of the stock traded hands. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $145.96. The firm’s 50 day moving average is $142.15 and its 200 day moving average is $136.28.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were given a dividend of $0.3784 per share. This represents a $1.51 dividend on an annualized basis and a yield of 1.07%. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 16th.

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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 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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