Financial Enhancement Group LLC lifted its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,057 shares of the exchange traded fund’s stock after acquiring an additional 64 shares during the quarter. Financial Enhancement Group LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. First Financial Corp IN boosted its holdings in PowerShares QQQ Trust, Series 1 by 189.3% in the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after acquiring an additional 530 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in PowerShares QQQ Trust, Series 1 by 48.5% in the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 291 shares during the period. 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 worth $127,000 after purchasing an additional 20 shares during the period. Botty Investors LLC acquired a new stake in PowerShares QQQ Trust, Series 1 in the first quarter worth about $132,000. Finally, Exane Derivatives acquired a new stake in PowerShares QQQ Trust, Series 1 in the second quarter worth about $153,000. 50.61% of the stock is currently owned by institutional investors and hedge funds.

PowerShares QQQ Trust, Series 1 (QQQ) traded up 0.1932% during mid-day trading on Tuesday, reaching $145.8613. 11,727,019 shares of the company’s stock were exchanged. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $146.59. The stock has a 50-day moving average of $144.26 and a 200-day moving average of $139.70.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th will be issued a dividend of $0.3194 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, September 18th.

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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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