Lucas Capital Management reduced its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,549 shares of the exchange traded fund’s stock after selling 617 shares during the period. PowerShares QQQ Trust, Series 1 accounts for 1.2% of Lucas Capital Management’s holdings, making the stock its 27th biggest holding. Lucas Capital Management’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. Morgan Stanley increased its position in shares of PowerShares QQQ Trust, Series 1 by 17.6% during the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock worth $1,660,443,000 after acquiring an additional 1,874,344 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its holdings in PowerShares QQQ Trust, Series 1 by 3.9% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock worth $484,337,000 after purchasing an additional 130,587 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in PowerShares QQQ Trust, Series 1 by 12.8% during the second quarter. Ameriprise Financial Inc. now owns 1,594,763 shares of the exchange traded fund’s stock worth $219,641,000 after purchasing an additional 180,843 shares during the last quarter. US Bancorp DE boosted its holdings in PowerShares QQQ Trust, Series 1 by 11.7% during the second quarter. US Bancorp DE now owns 1,242,292 shares of the exchange traded fund’s stock worth $170,990,000 after purchasing an additional 130,266 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in PowerShares QQQ Trust, Series 1 by 8.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,554 shares of the exchange traded fund’s stock worth $161,115,000 after purchasing an additional 86,838 shares during the last quarter. 52.59% of the stock is owned by hedge funds and other institutional investors.

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PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded down $0.01 during trading on Monday, reaching $153.68. 20,150,700 shares of the company traded hands, compared to its average volume of 27,512,615. PowerShares QQQ Trust, Series 1 has a 1-year low of $114.03 and a 1-year high of $154.54.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th were issued a dividend of $0.3194 per share. This represents a $1.28 annualized dividend and a yield of 0.83%. The ex-dividend date was Monday, September 18th.

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.

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Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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