Starfire Investment Advisers Inc. trimmed its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 97.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,857 shares of the exchange traded fund’s stock after selling 64,442 shares during the period. Starfire Investment Advisers Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $289,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of QQQ. UBS Asset Management Americas Inc. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 48.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 291 shares during the last quarter. Atlantic Trust LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 65.2% in the 3rd quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock valued at $134,000 after purchasing an additional 363 shares during the last quarter. Asset Planning Services Ltd. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 79.9% in the 3rd quarter. Asset Planning Services Ltd. now owns 1,108 shares of the exchange traded fund’s stock valued at $161,000 after purchasing an additional 492 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the 3rd quarter valued at approximately $165,000. Finally, FTB Advisors Inc. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 74.0% in the 3rd quarter. FTB Advisors Inc. now owns 1,223 shares of the exchange traded fund’s stock valued at $178,000 after purchasing an additional 520 shares during the last quarter. 39.36% of the stock is owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $165.79 on Thursday. PowerShares QQQ Trust, Series 1 has a one year low of $122.57 and a one year high of $166.41.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were paid a dividend of $0.3294 per share. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, December 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.

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

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