Moloney Securities Asset Management LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 14,375 shares of the exchange traded fund’s stock after buying an additional 290 shares during the period. PowerShares QQQ Trust, Series 1 makes up about 1.0% of Moloney Securities Asset Management LLC’s portfolio, making the stock its 22nd largest position. Moloney Securities Asset Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morgan Stanley raised its stake in PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock worth $1,660,443,000 after buying an additional 1,874,344 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in PowerShares QQQ Trust, Series 1 by 3.9% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock worth $484,337,000 after buying an additional 130,587 shares during the last quarter. Ameriprise Financial Inc. raised its stake in PowerShares QQQ Trust, Series 1 by 5.2% in the first quarter. Ameriprise Financial Inc. now owns 1,413,920 shares of the exchange traded fund’s stock worth $186,652,000 after buying an additional 69,876 shares during the last quarter. US Bancorp DE raised its stake in PowerShares QQQ Trust, Series 1 by 11.7% in the second quarter. US Bancorp DE now owns 1,242,292 shares of the exchange traded fund’s stock worth $170,990,000 after buying an additional 130,266 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 148.0% in the first quarter. Quantitative Investment Management LLC now owns 1,173,500 shares of the exchange traded fund’s stock worth $155,347,000 after buying an additional 700,400 shares during the last quarter. 39.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) traded up 0.76% during trading on Friday, reaching $142.10. The company had a trading volume of 45,862,488 shares. The firm has a 50-day moving average price of $141.65 and a 200-day moving average price of $135.65. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $145.96. PowerShares QQQ Trust, Series 1 also saw unusually large options trading on Thursday. Traders purchased 652,577 put options on the stock. This represents an increase of 125% compared to the average volume of 289,958 put options.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were issued a dividend of $0.3784 per share. The ex-dividend date was Friday, June 16th. This is an increase from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. This represents a $1.51 annualized dividend and a yield of 1.07%.

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

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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