Banque Pictet & Cie SA cut its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,194 shares of the exchange traded fund’s stock after selling 21,673 shares during the period. PowerShares QQQ Trust, Series 1 comprises approximately 1.1% of Banque Pictet & Cie SA’s portfolio, making the stock its 23rd largest position. Banque Pictet & Cie SA owned approximately 0.09% of PowerShares QQQ Trust, Series 1 worth $49,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 2,479.8% in the first quarter. Bank of Nova Scotia now owns 1,029,923 shares of the exchange traded fund’s stock valued at $136,341,000 after buying an additional 990,000 shares during the last quarter. Bank of Tokyo Mitsubishi UFJ Ltd. purchased a new position in PowerShares QQQ Trust, Series 1 during the second quarter worth about $99,101,000. AQR Capital Management LLC purchased a new position in PowerShares QQQ Trust, Series 1 during the first quarter worth about $78,292,000. Tower Research Capital LLC TRC raised its holdings in PowerShares QQQ Trust, Series 1 by 930.1% during the first quarter. Tower Research Capital LLC TRC now owns 549,109 shares of the exchange traded fund’s stock worth $72,691,000 after purchasing an additional 495,801 shares in the last quarter. Finally, 3EDGE Asset Management LP purchased a new position in PowerShares QQQ Trust, Series 1 during the second quarter worth about $64,616,000. 52.59% of the stock is owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (QQQ) traded up $1.95 during midday trading on Friday, reaching $154.54. 34,790,500 shares of the company traded hands, compared to its average volume of 27,455,098. PowerShares QQQ Trust, Series 1 has a 52-week low of $115.22 and a 52-week high of $154.89.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th were issued a dividend of $0.3194 per share. The ex-dividend date was Monday, September 18th. This represents a $1.28 annualized dividend and a yield of 0.83%.

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PowerShares QQQ Trust, Series 1 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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