King Luther Capital Management Corp raised its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 16.7% during the third quarter, Holdings Channel reports. The firm owned 3,180 shares of the company’s stock after buying an additional 455 shares during the period. King Luther Capital Management Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $378,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 1.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,577,280 shares of the company’s stock worth $707,321,000 after buying an additional 118,500 shares during the last quarter. Dynamic Advisors Solutions LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 23.0% in the second quarter. Dynamic Advisors Solutions LLC now owns 6,367 shares of the company’s stock worth $685,000 after buying an additional 1,192 shares during the last quarter. Ledyard National Bank boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 0.4% in the second quarter. Ledyard National Bank now owns 3,946 shares of the company’s stock worth $425,000 after buying an additional 15 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the second quarter worth about $46,645,000. Finally, Destination Wealth Management boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 155.1% in the second quarter. Destination Wealth Management now owns 12,578 shares of the company’s stock worth $1,353,000 after buying an additional 7,648 shares during the last quarter. Institutional investors own 31.15% of the company’s stock.

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

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded up 0.34% during mid-day trading on Friday, hitting $123.16. The stock had a trading volume of 16,930,803 shares. PowerShares QQQ Trust, Series 1 has a one year low of $94.84 and a one year high of $123.37. The company has a 50-day moving average of $119.63 and a 200 day moving average of $116.64.

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 20th were issued a dividend of $0.3549 per share. This represents a $1.42 annualized dividend and a dividend yield of 1.15%. This is an increase from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, December 16th.

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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.

5 Day Chart for NASDAQ:QQQ

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).

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