Harwood Advisory Group LLC raised its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 40.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,902 shares of the exchange traded fund’s stock after buying an additional 1,120 shares during the quarter. Harwood Advisory Group LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. First Financial Corp IN lifted its stake in 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 in the last quarter. UBS Asset Management Americas Inc. lifted its stake in PowerShares QQQ Trust, Series 1 by 48.5% in the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after buying an additional 291 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in 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 buying an additional 20 shares in the last quarter. Bristlecone Advisors LLC bought a new position in PowerShares QQQ Trust, Series 1 in the third quarter valued at approximately $165,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in PowerShares QQQ Trust, Series 1 by 29.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,464 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 335 shares in the last quarter. 53.80% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $155.69 on Friday. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $115.22 and a fifty-two week high of $155.84.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th were issued a $0.3194 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.82%.

About PowerShares QQQ Trust, Series 1

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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