Bbva Compass Bancshares Inc. reduced its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,041 shares of the exchange traded fund’s stock after selling 10 shares during the period. Bbva Compass Bancshares Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $556,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in QQQ. First Financial Corp IN raised its stake in shares of PowerShares QQQ Trust, Series 1 by 189.3% in the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 530 shares during the period. Bartlett & Co. LLC raised its stake in shares of PowerShares QQQ Trust, Series 1 by 29.1% in the first quarter. Bartlett & Co. LLC now owns 937 shares of the exchange traded fund’s stock valued at $124,000 after buying an additional 211 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $125,000. Botty Investors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $132,000. Finally, Hartford Financial Management Inc. purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $139,000. 38.35% of the stock is currently owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 144.03 on Wednesday. The company’s 50 day moving average price is $141.82 and its 200 day moving average price is $136.07. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $145.96.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were issued a dividend of $0.3784 per share. This represents a $1.51 dividend on an annualized basis and a yield of 1.05%. This is a boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. The ex-dividend date 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 note 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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