PowerShares QQQ Trust, Series 1 (QQQ) Position Maintained by CENTRAL TRUST Co

CENTRAL TRUST Co held its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, according to its most recent filing with the SEC. The fund owned 5,178 shares of the exchange traded fund’s stock at the end of the second quarter. CENTRAL TRUST Co’s holdings in PowerShares QQQ Trust, Series 1 were worth $713,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ipswich Investment Management Co. Inc. boosted its stake in PowerShares QQQ Trust, Series 1 by 17.3% in the first quarter. Ipswich Investment Management Co. Inc. now owns 5,795 shares of the exchange traded fund’s stock valued at $767,000 after buying an additional 855 shares during the period. Forward Management LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 199.9% in the first quarter. Forward Management LLC now owns 363,388 shares of the exchange traded fund’s stock valued at $48,105,000 after buying an additional 242,208 shares during the period. Main Street Research LLC purchased a new stake in PowerShares QQQ Trust, Series 1 during the first quarter valued at $202,000. V Wealth Management LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 533.0% in the first quarter. V Wealth Management LLC now owns 21,762 shares of the exchange traded fund’s stock valued at $2,880,000 after buying an additional 18,324 shares during the period. Finally, Wexford Capital LP boosted its stake in PowerShares QQQ Trust, Series 1 by 33.9% in the first quarter. Wexford Capital LP now owns 183,383 shares of the exchange traded fund’s stock valued at $24,276,000 after buying an additional 46,395 shares during the period. Institutional investors own 39.25% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down 1.44% during mid-day trading on Thursday, hitting $142.04. The stock had a trading volume of 21,056,024 shares. The company’s 50 day moving average price is $141.60 and its 200 day moving average price is $135.48. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $145.96.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were issued a dividend of $0.3784 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 16th.

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Separately, Vetr upgraded PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 price target on the stock in a report on Tuesday, May 23rd.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

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