Jackson Wealth Management LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 13.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,503 shares of the exchange traded fund’s stock after acquiring an additional 8,538 shares during the period. PowerShares QQQ Trust, Series 1 comprises approximately 2.9% of Jackson Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Jackson Wealth Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $10,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Financial Corp IN increased its position in PowerShares QQQ Trust, Series 1 by 189.3% during the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after buying an additional 530 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in PowerShares QQQ Trust, Series 1 by 48.5% during the second 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 during the last quarter. Tradewinds Capital Management LLC increased its position in PowerShares QQQ Trust, Series 1 by 2.2% during the second 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 during the last quarter. Bristlecone Advisors LLC acquired a new position in PowerShares QQQ Trust, Series 1 during the third quarter worth approximately $165,000. Finally, Klingman & Associates LLC acquired a new position in PowerShares QQQ Trust, Series 1 during the third quarter worth approximately $202,000. Institutional investors and hedge funds own 53.80% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $156.26 on Friday. PowerShares QQQ Trust, Series 1 has a 12-month low of $115.22 and a 12-month high of $156.31.

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

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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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