3,307 Shares in PowerShares QQQ Trust, Series 1 (QQQ) Acquired by MPS Loria Financial Planners LLC

MPS Loria Financial Planners LLC purchased a new position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,307 shares of the exchange traded fund’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Financial Corp IN lifted its position 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 purchasing an additional 530 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position 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 purchasing an additional 291 shares during the last quarter. Tradewinds Capital Management LLC lifted its position 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 purchasing an additional 20 shares during the last quarter. Botty Investors LLC acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the 1st quarter worth about $132,000. Finally, Exane Derivatives acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth about $153,000. Institutional investors own 51.83% of the company’s stock.

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PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.010% during trading on Tuesday, hitting $148.865. The company had a trading volume of 5,798,472 shares. The stock has a 50-day moving average of $145.57 and a 200-day moving average of $140.77. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $148.95.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th will be issued a dividend of $0.3194 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend 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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