Csenge Advisory Group Invests $14.61 Million in PowerShares QQQ Trust, Series 1 (QQQ)
Csenge Advisory Group bought a new position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100,441 shares of the exchange traded fund’s stock, valued at approximately $14,609,000. PowerShares QQQ Trust, Series 1 makes up approximately 5.8% of Csenge Advisory Group’s investment portfolio, making the stock its 2nd largest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. First Financial Corp IN lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 189.3% in the 2nd quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 530 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in PowerShares QQQ Trust, Series 1 by 48.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after buying an additional 291 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in PowerShares QQQ Trust, Series 1 by 2.2% during the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after buying an additional 20 shares in the last quarter. Botty Investors LLC acquired a new stake in PowerShares QQQ Trust, Series 1 during the 1st quarter worth approximately $132,000. Finally, Exane Derivatives acquired a new stake in PowerShares QQQ Trust, Series 1 during the 2nd quarter worth approximately $153,000. 51.85% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were paid 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 0.84%.
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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.
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