National Planning Corp raised its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 59.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,595 shares of the exchange traded fund’s stock after buying an additional 69,714 shares during the period. PowerShares QQQ Trust, Series 1 comprises approximately 1.9% of National Planning Corp’s holdings, making the stock its 4th largest position. National Planning Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $25,412,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in QQQ. Forward Management LLC raised its stake in shares of PowerShares QQQ Trust, Series 1 by 199.9% in the first quarter. Forward Management LLC now owns 363,388 shares of the exchange traded fund’s stock worth $48,105,000 after buying an additional 242,208 shares in the last quarter. Main Street Research LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the first quarter worth about $202,000. V Wealth Management LLC increased its stake in PowerShares QQQ Trust, Series 1 by 533.0% in the first quarter. V Wealth Management LLC now owns 21,762 shares of the exchange traded fund’s stock worth $2,880,000 after buying an additional 18,324 shares during the last quarter. Wexford Capital LP increased its stake in PowerShares QQQ Trust, Series 1 by 33.9% in the first quarter. Wexford Capital LP now owns 183,383 shares of the exchange traded fund’s stock worth $24,276,000 after buying an additional 46,395 shares during the last quarter. Finally, FMR LLC increased its stake in PowerShares QQQ Trust, Series 1 by 6.0% in the first quarter. FMR LLC now owns 127,018 shares of the exchange traded fund’s stock worth $16,815,000 after buying an additional 7,197 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 142.69 on Thursday. The stock’s 50 day moving average is $142.45 and its 200-day moving average is $136.73. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $145.96.

The firm also recently declared 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 boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 16th. This represents a $1.51 annualized dividend and a dividend yield of 1.06%.

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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 price target for the company 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.

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

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