Crescent Grove Advisors LLC lifted its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 27,493 shares of the exchange traded fund’s stock after acquiring an additional 1,640 shares during the quarter. PowerShares QQQ Trust, Series 1 makes up 1.0% of Crescent Grove Advisors LLC’s investment portfolio, making the stock its 16th largest position. Crescent Grove Advisors LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $4,008,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Maple Capital Management Inc. grew its stake in shares of PowerShares QQQ Trust, Series 1 by 0.5% during the 2nd quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock worth $306,000 after acquiring an additional 10 shares during the period. United Asset Strategies Inc. boosted its stake in PowerShares QQQ Trust, Series 1 by 0.3% in the 2nd quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock worth $725,000 after purchasing an additional 15 shares during the period. Benchmark Capital Advisors boosted its stake in PowerShares QQQ Trust, Series 1 by 0.8% in the 2nd quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock worth $264,000 after purchasing an additional 15 shares during the period. HMS Capital Management LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 0.5% in the 2nd quarter. HMS Capital Management LLC now owns 3,491 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 19 shares during the period. Finally, Tradewinds Capital Management LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 20 shares during the period. Institutional investors own 52.59% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up $0.13 during midday trading on Monday, reaching $153.81. The company’s stock had a trading volume of 5,544,798 shares, compared to its average volume of 27,512,615. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $114.03 and a fifty-two week high of $154.54.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were paid a $0.3194 dividend. 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 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.

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

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