Windhaven Investment Management Inc. lowered its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,343,533 shares of the exchange traded fund’s stock after selling 103,918 shares during the quarter. PowerShares QQQ Trust, Series 1 accounts for 6.2% of Windhaven Investment Management Inc.’s investment portfolio, making the stock its 7th largest holding. Windhaven Investment Management Inc. owned 0.94% of PowerShares QQQ Trust, Series 1 worth $486,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. First Financial Corp IN grew its stake in shares of PowerShares QQQ Trust, Series 1 by 189.3% during the 2nd quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 530 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of PowerShares QQQ Trust, Series 1 by 48.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after acquiring an additional 291 shares during the period. Tradewinds Capital Management LLC grew its stake in shares of PowerShares QQQ Trust, Series 1 by 2.2% during the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after acquiring an additional 20 shares during the period. Bristlecone Advisors LLC bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 3rd quarter worth $165,000. Finally, Klingman & Associates LLC bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 3rd quarter worth $202,000. Institutional investors and hedge funds own 53.80% of the company’s stock.

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PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $155.69 on Friday. PowerShares QQQ Trust, Series 1 has a 12 month low of $115.22 and a 12 month high of $155.84.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th were paid a dividend of $0.3194 per share. The ex-dividend date was Monday, September 18th. This represents a $1.28 annualized dividend and a dividend yield of 0.82%.

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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