Millennium Management LLC Has $32.78 Million Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Millennium Management LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 116.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 210,438 shares of the exchange traded fund’s stock after buying an additional 1,472,895 shares during the quarter. Millennium Management LLC owned approximately 0.06% of PowerShares QQQ Trust, Series 1 worth $32,778,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp boosted its holdings in PowerShares QQQ Trust, Series 1 by 3.7% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 3,805,664 shares of the exchange traded fund’s stock valued at $592,770,000 after purchasing an additional 136,405 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in PowerShares QQQ Trust, Series 1 by 2.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,255 shares of the exchange traded fund’s stock valued at $195,834,000 after purchasing an additional 32,702 shares in the last quarter. Raymond James & Associates boosted its holdings in PowerShares QQQ Trust, Series 1 by 4.1% in the fourth quarter. Raymond James & Associates now owns 965,175 shares of the exchange traded fund’s stock valued at $150,338,000 after purchasing an additional 37,587 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in PowerShares QQQ Trust, Series 1 by 7.1% in the fourth quarter. First Republic Investment Management Inc. now owns 862,457 shares of the exchange traded fund’s stock valued at $134,337,000 after purchasing an additional 57,407 shares in the last quarter. Finally, RiverFront Investment Group LLC boosted its holdings in shares of PowerShares QQQ Trust, Series 1 by 0.5% in the fourth quarter. RiverFront Investment Group LLC now owns 796,754 shares of the exchange traded fund’s stock valued at $124,074,000 after acquiring an additional 4,002 shares during the period. 38.89% of the stock is owned by institutional investors and hedge funds.

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Shares of PowerShares QQQ Trust, Series 1 stock opened at $158.51 on Friday. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $129.40 and a fifty-two week high of $175.21.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, March 20th will be issued a $0.2766 dividend. This represents a $1.11 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, March 19th.

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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.

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

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