Intrust Bank NA cut its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 27.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,386 shares of the exchange traded fund’s stock after selling 512 shares during the quarter. Intrust Bank NA’s holdings in PowerShares QQQ Trust, Series 1 were worth $202,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of QQQ. Sei Investments Co. increased its stake in PowerShares QQQ Trust, Series 1 by 408.1% in the third quarter. Sei Investments Co. now owns 7,184 shares of the exchange traded fund’s stock valued at $1,044,000 after purchasing an additional 5,770 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in PowerShares QQQ Trust, Series 1 by 25.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 60,613 shares of the exchange traded fund’s stock valued at $8,834,000 after acquiring an additional 12,419 shares during the period. Courier Capital LLC grew its position in PowerShares QQQ Trust, Series 1 by 2.3% during the third quarter. Courier Capital LLC now owns 22,662 shares of the exchange traded fund’s stock valued at $3,296,000 after acquiring an additional 509 shares during the period. Brown Advisory Securities LLC grew its position in PowerShares QQQ Trust, Series 1 by 8.0% during the third quarter. Brown Advisory Securities LLC now owns 13,046 shares of the exchange traded fund’s stock valued at $1,899,000 after acquiring an additional 964 shares during the period. Finally, Spectrum Asset Management Inc. NB CA grew its position in PowerShares QQQ Trust, Series 1 by 1.4% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 62,160 shares of the exchange traded fund’s stock valued at $9,041,000 after acquiring an additional 885 shares during the period. 52.59% of the stock is owned by hedge funds and other institutional investors.

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PowerShares QQQ Trust, Series 1 (QQQ) traded down $0.56 during trading hours on Wednesday, hitting $153.31. The company had a trading volume of 25,149,801 shares, compared to its average volume of 27,433,744. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $115.22 and a fifty-two week high of $154.54.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th were issued a $0.3194 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was 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.

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

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