Janney Montgomery Scott LLC increased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 5.9% during the second quarter, Holdings Channel reports. The firm owned 497,858 shares of the exchange traded fund’s stock after buying an additional 27,586 shares during the period. PowerShares QQQ Trust, Series 1 comprises about 0.9% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its 13th largest position. Janney Montgomery Scott LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $68,525,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Regentatlantic Capital LLC increased its stake in PowerShares QQQ Trust, Series 1 by 7.3% in the first quarter. Regentatlantic Capital LLC now owns 5,163 shares of the exchange traded fund’s stock worth $684,000 after buying an additional 351 shares during the period. Atria Investments LLC increased its stake in PowerShares QQQ Trust, Series 1 by 232.8% in the first quarter. Atria Investments LLC now owns 192,392 shares of the exchange traded fund’s stock worth $25,469,000 after buying an additional 134,574 shares during the period. Integrated Wealth Management increased its stake in PowerShares QQQ Trust, Series 1 by 5.5% in the first quarter. Integrated Wealth Management now owns 37,165 shares of the exchange traded fund’s stock worth $4,920,000 after buying an additional 1,940 shares during the period. Cornerstone Financial Partners LLC increased its stake in PowerShares QQQ Trust, Series 1 by 23.1% in the first quarter. Cornerstone Financial Partners LLC now owns 4,147 shares of the exchange traded fund’s stock worth $548,000 after buying an additional 779 shares during the period. Finally, Starfire Investment Advisers Inc. increased its stake in PowerShares QQQ Trust, Series 1 by 1.4% in the first quarter. Starfire Investment Advisers Inc. now owns 64,810 shares of the exchange traded fund’s stock worth $8,485,000 after buying an additional 889 shares during the period. 38.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at 143.93 on Tuesday. The stock has a 50 day moving average of $141.73 and a 200-day moving average of $135.94. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $145.96.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were issued a dividend of $0.3784 per share. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. This represents a $1.51 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, June 16th.

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Separately, Vetr raised shares of PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 price target 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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