Sunbelt Securities Inc. Boosts Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Sunbelt Securities Inc. grew its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 77.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,957 shares of the exchange traded fund’s stock after buying an additional 1,289 shares during the quarter. Sunbelt Securities Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $407,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 17.6% during the 1st quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after purchasing an additional 1,874,344 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 2,479.8% during the 1st quarter. Bank of Nova Scotia now owns 1,029,923 shares of the exchange traded fund’s stock valued at $136,341,000 after purchasing an additional 990,000 shares during the last quarter. Bank of Tokyo Mitsubishi UFJ Ltd. bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at $99,101,000. AQR Capital Management LLC bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 1st quarter valued at $78,292,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 930.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 549,109 shares of the exchange traded fund’s stock valued at $72,691,000 after purchasing an additional 495,801 shares during the last quarter. Hedge funds and other institutional investors own 51.48% of the company’s stock.

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PowerShares QQQ Trust, Series 1 (QQQ) traded up 0.07% during trading on Thursday, hitting $148.14. 9,505,599 shares of the company traded hands. The company’s 50 day moving average is $145.15 and its 200-day moving average is $140.46. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $148.35.

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 paid 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 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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