Lincoln National Corp raised its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 95.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,121 shares of the exchange traded fund’s stock after acquiring an additional 7,892 shares during the period. Lincoln National Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Buckingham Asset Management LLC increased its holdings in shares of PowerShares QQQ Trust, Series 1 by 21.1% during the 2nd quarter. Buckingham Asset Management LLC now owns 10,528 shares of the exchange traded fund’s stock worth $1,449,000 after buying an additional 1,835 shares during the last quarter. Beaton Management Co. Inc. acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth $745,000. First Commonwealth Financial Corp PA acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth $487,000. Wexford Capital LP increased its holdings in shares of PowerShares QQQ Trust, Series 1 by 33.9% during the 1st quarter. Wexford Capital LP now owns 183,383 shares of the exchange traded fund’s stock worth $24,276,000 after buying an additional 46,395 shares during the last quarter. Finally, NTV Asset Management LLC increased its holdings in shares of PowerShares QQQ Trust, Series 1 by 1.0% during the 2nd quarter. NTV Asset Management LLC now owns 70,406 shares of the exchange traded fund’s stock worth $9,690,000 after buying an additional 685 shares during the last quarter. Institutional investors own 51.85% of the company’s stock.

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Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up $1.46 during midday trading on Friday, reaching $153.27. The company had a trading volume of 26,199,249 shares, compared to its average volume of 25,229,176. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $153.29.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors 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 annualized dividend and a yield of 0.83%.

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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