Peapack Gladstone Financial Corp grew its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 317,214 shares of the exchange traded fund’s stock after purchasing an additional 335 shares during the period. PowerShares QQQ Trust, Series 1 makes up 2.6% of Peapack Gladstone Financial Corp’s investment portfolio, making the stock its 2nd largest position. Peapack Gladstone Financial Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $43,661,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Buckingham Asset Management LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 21.1% in the 2nd quarter. Buckingham Asset Management LLC now owns 10,528 shares of the exchange traded fund’s stock valued at $1,449,000 after purchasing an additional 1,835 shares during the last quarter. Wexford Capital LP lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 33.9% in the 1st quarter. Wexford Capital LP now owns 183,383 shares of the exchange traded fund’s stock valued at $24,276,000 after purchasing an additional 46,395 shares during the last quarter. NTV Asset Management LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 1.0% in the 2nd quarter. NTV Asset Management LLC now owns 70,406 shares of the exchange traded fund’s stock valued at $9,690,000 after purchasing an additional 685 shares during the last quarter. FMR LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 6.0% in the 1st quarter. FMR LLC now owns 127,018 shares of the exchange traded fund’s stock valued at $16,815,000 after purchasing an additional 7,197 shares during the last quarter. Finally, Bank of Tokyo Mitsubishi UFJ Ltd. acquired a new position in shares of PowerShares QQQ Trust, Series 1 in the 2nd quarter valued at $99,101,000. 50.61% of the stock is currently owned by institutional investors and hedge funds.

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Shares of PowerShares QQQ Trust, Series 1 (QQQ) traded up 0.50% during trading on Thursday, hitting $146.76. The stock had a trading volume of 11,134,471 shares. PowerShares QQQ Trust, Series 1 has a 12-month low of $113.45 and a 12-month high of $146.94. The stock’s 50 day moving average is $144.38 and its 200-day moving average is $139.85.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th will be issued a $0.3194 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Monday, September 18th.

PowerShares QQQ Trust, Series 1 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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