Fiera Capital Corp cut its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 35.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,153 shares of the exchange traded fund’s stock after selling 3,420 shares during the quarter. Fiera Capital Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Financial Corp IN boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 189.3% during 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 in the last quarter. Tradewinds Capital Management LLC lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 20 shares in the last quarter. Botty Investors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at $132,000. Exane Derivatives purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at $153,000. Finally, D Orazio & Associates Inc. lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 25.4% in the first quarter. D Orazio & Associates Inc. now owns 1,401 shares of the exchange traded fund’s stock valued at $185,000 after purchasing an additional 284 shares in the last quarter. 50.80% of the stock is owned by institutional investors and hedge funds.

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Separately, Vetr upgraded PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 target price for the company in a report on Tuesday, May 23rd.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at 145.80 on Wednesday. The company’s 50 day moving average price is $144.00 and its 200 day moving average price is $138.84. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $146.59.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th will be given a $0.3194 dividend. The ex-dividend date is Monday, September 18th. This represents a $1.28 annualized dividend and a yield of 0.88%.

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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