Train Babcock Advisors LLC increased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,511 shares of the exchange traded fund’s stock after buying an additional 384 shares during the period. PowerShares QQQ Trust, Series 1 comprises 2.9% of Train Babcock Advisors LLC’s holdings, making the stock its 5th largest position. Train Babcock Advisors LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $6,677,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. WealthTrust Fairport LLC increased 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 valued at $277,000 after buying an additional 6 shares during the last quarter. Maple Capital Management Inc. increased 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 valued at $306,000 after buying an additional 10 shares during the last quarter. United Asset Strategies Inc. increased 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 valued at $725,000 after buying an additional 15 shares during the last quarter. Tradewinds Capital Management LLC increased 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 valued at $127,000 after buying an additional 20 shares during the last quarter. Finally, Great Lakes Advisors LLC increased 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 valued at $602,000 after buying an additional 21 shares during the last quarter. Institutional investors own 51.61% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 142.97 on Wednesday. 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 1-year low of $113.45 and a 1-year high of $145.96.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were paid a dividend of $0.3784 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.06%. 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 price target for the company in a research note 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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