Catamount Wealth Management raised its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,473 shares of the exchange traded fund’s stock after buying an additional 3,575 shares during the period. PowerShares QQQ Trust, Series 1 comprises approximately 4.1% of Catamount Wealth Management’s holdings, making the stock its 6th largest position. Catamount Wealth Management’s holdings in PowerShares QQQ Trust, Series 1 were worth $6,809,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Forward Management LLC increased its position 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 acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the first quarter worth $202,000. Wexford Capital LP increased its position in shares of 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 in the last quarter. FMR LLC increased its position in shares of 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 in the last quarter. Finally, Thompson Davis & CO. Inc. increased its position in shares of PowerShares QQQ Trust, Series 1 by 100.9% in the first quarter. Thompson Davis & CO. Inc. now owns 3,603 shares of the exchange traded fund’s stock worth $477,000 after buying an additional 1,810 shares in the last quarter. Institutional investors and hedge funds own 51.61% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 142.41 on Tuesday. The firm has a 50-day moving average price of $142.74 and a 200-day moving average price of $136.89. 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 announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were issued a $0.3784 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, June 16th. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27.

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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 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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