American Economic Planning Group Inc. ADV purchased a new stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,906 shares of the exchange traded fund’s stock, valued at approximately $262,000.

Several other large investors have also modified their holdings of the stock. WealthTrust Fairport LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 0.3% in the first quarter. WealthTrust Fairport LLC now owns 2,092 shares of the exchange traded fund’s stock valued at $277,000 after buying an additional 6 shares in the last quarter. Maple Capital Management Inc. increased its stake in shares of PowerShares QQQ Trust, Series 1 by 0.5% in the second quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock valued at $306,000 after buying an additional 10 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 0.5% in the first quarter. Great Lakes Advisors LLC now owns 4,549 shares of the exchange traded fund’s stock valued at $602,000 after buying an additional 21 shares in the last quarter. Stockman Wealth Management Inc. increased its stake in shares of PowerShares QQQ Trust, Series 1 by 0.4% in the first quarter. Stockman Wealth Management Inc. now owns 5,622 shares of the exchange traded fund’s stock valued at $744,000 after buying an additional 21 shares in the last quarter. Finally, Gradient Investments LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 1.3% in the second quarter. Gradient Investments LLC now owns 1,639 shares of the exchange traded fund’s stock valued at $226,000 after buying an additional 21 shares in the last quarter. 39.25% of the stock is currently owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.76% during midday trading on Friday, hitting $142.10. The stock had a trading volume of 45,862,488 shares. The company’s 50 day moving average price is $141.65 and its 200-day moving average price is $135.65. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $145.96. PowerShares QQQ Trust, Series 1 also saw some unusual options trading activity on Thursday. Stock investors purchased 652,577 put options on the company. This is an increase of 125% compared to the average volume of 289,958 put options.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were issued a $0.3784 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.07%. This is a boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, June 16th.

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Separately, Vetr raised 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 research report on Tuesday, May 23rd.

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.

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

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