Emery Howard Portfolio Management Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 42,680 shares of the exchange traded fund’s stock after buying an additional 595 shares during the period. PowerShares QQQ Trust, Series 1 comprises about 1.3% of Emery Howard Portfolio Management Inc.’s portfolio, making the stock its 16th largest position. Emery Howard Portfolio Management Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $5,875,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of QQQ. Founders Financial Securities LLC purchased a new position in PowerShares QQQ Trust, Series 1 during the first quarter valued at $9,392,000. Adviser Investments LLC boosted its position in PowerShares QQQ Trust, Series 1 by 33.1% in the first quarter. Adviser Investments LLC now owns 3,194 shares of the exchange traded fund’s stock valued at $423,000 after buying an additional 794 shares during the last quarter. Mycio Wealth Partners LLC boosted its position in PowerShares QQQ Trust, Series 1 by 3.4% in the first quarter. Mycio Wealth Partners LLC now owns 9,441 shares of the exchange traded fund’s stock valued at $1,250,000 after buying an additional 309 shares during the last quarter. Alexandria Capital LLC boosted its position in PowerShares QQQ Trust, Series 1 by 4.8% in the first quarter. Alexandria Capital LLC now owns 8,585 shares of the exchange traded fund’s stock valued at $1,136,000 after buying an additional 393 shares during the last quarter. Finally, D. Scott Neal Inc. boosted its position in PowerShares QQQ Trust, Series 1 by 6.1% in the first quarter. D. Scott Neal Inc. now owns 70,144 shares of the exchange traded fund’s stock valued at $9,286,000 after buying an additional 4,061 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors and hedge funds.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 141.97 on Friday. PowerShares QQQ Trust, Series 1 has a 12-month low of $113.45 and a 12-month high of $145.96. The stock has a 50 day moving average of $142.74 and a 200 day moving average of $136.89.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were issued a dividend of $0.3784 per share. This represents a $1.51 annualized dividend and a yield of 1.07%. This is an increase 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 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 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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