Hartland & Co. LLC increased its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 9.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 23,108 shares of the exchange traded fund’s stock after buying an additional 1,910 shares during the period. Hartland & Co. LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $3,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. WealthTrust Fairport LLC boosted its position in 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 worth $277,000 after buying an additional 6 shares in the last quarter. Maple Capital Management Inc. boosted its position in PowerShares QQQ Trust, Series 1 by 0.5% in the second quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock worth $306,000 after buying an additional 10 shares in the last quarter. United Asset Strategies Inc. boosted its position in PowerShares QQQ Trust, Series 1 by 0.3% in the second quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock worth $725,000 after buying an additional 15 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after buying an additional 20 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position 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 in the last quarter. Institutional investors own 51.61% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 141.97 on Monday. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $145.96. The firm has a 50-day moving average price of $142.74 and a 200-day moving average price of $136.89.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were given a $0.3784 dividend. This represents a $1.51 annualized dividend and a dividend 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 of this dividend was Friday, June 16th.

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Separately, Vetr upgraded 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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