Mawer Investment Management Ltd. acquired a new stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,000 shares of the exchange traded fund’s stock, valued at approximately $436,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Buckingham Asset Management LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 21.1% in the 2nd quarter. Buckingham Asset Management LLC now owns 10,528 shares of the exchange traded fund’s stock valued at $1,449,000 after purchasing an additional 1,835 shares during the last quarter. Beaton Management Co. Inc. acquired a new stake in PowerShares QQQ Trust, Series 1 during the 2nd quarter worth approximately $745,000. First Commonwealth Financial Corp PA acquired a new stake in PowerShares QQQ Trust, Series 1 during the 2nd quarter worth approximately $487,000. SignalPoint Asset Management LLC acquired a new stake in PowerShares QQQ Trust, Series 1 during the 3rd quarter worth approximately $269,000. Finally, NTV Asset Management LLC raised its holdings in 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 period. 53.80% of the stock is currently owned by institutional investors and hedge funds.

PowerShares QQQ Trust, Series 1 (QQQ) traded up $0.19 during midday trading on Thursday, hitting $155.69. 17,299,000 shares of the stock were exchanged, compared to its average volume of 27,355,588. PowerShares QQQ Trust, Series 1 has a 12 month low of $115.22 and a 12 month 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%.

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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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