Affinity Wealth Management Has $22.94 Million Holdings in PowerShares QQQ Trust, Series 1 (QQQ)

Affinity Wealth Management lessened its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,697 shares of the exchange traded fund’s stock after selling 1,521 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises about 13.7% of Affinity Wealth Management’s investment portfolio, making the stock its 2nd biggest holding. Affinity Wealth Management’s holdings in PowerShares QQQ Trust, Series 1 were worth $22,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. HWG Holdings LP boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 7,350.6% during the 3rd quarter. HWG Holdings LP now owns 20,191 shares of the exchange traded fund’s stock valued at $2,937,000 after buying an additional 19,920 shares during the period. Buckingham Asset Management LLC raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 21.1% during the 2nd quarter. Buckingham Asset Management LLC now owns 10,528 shares of the exchange traded fund’s stock valued at $1,449,000 after purchasing an additional 1,835 shares in the last quarter. Beaton Management Co. Inc. bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at $745,000. First Commonwealth Financial Corp PA bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at $487,000. Finally, SignalPoint Asset Management LLC bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 3rd quarter valued at $269,000. Institutional investors and hedge funds own 39.36% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded up $2.73 during trading on Tuesday, hitting $158.49. 32,266,600 shares of the stock were exchanged, compared to its average volume of 30,970,000. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $118.14 and a fifty-two week high of $158.77.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were issued a $0.3294 dividend. This represents a $1.32 annualized dividend and a yield of 0.83%. The ex-dividend date was Monday, December 18th. This is an increase from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.32.

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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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