Excalibur Management Corp held its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, Holdings Channel reports. The fund owned 2,040 shares of the exchange traded fund’s stock at the end of the second quarter. Excalibur Management Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. WealthTrust Fairport LLC raised its position in PowerShares QQQ Trust, Series 1 by 0.3% in the first quarter. WealthTrust Fairport LLC now owns 2,092 shares of the exchange traded fund’s stock worth $277,000 after buying an additional 6 shares during the period. Maple Capital Management Inc. raised its position in PowerShares QQQ Trust, Series 1 by 0.5% in the second quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock worth $306,000 after buying an additional 10 shares during the period. Great Lakes Advisors LLC raised its position in PowerShares QQQ Trust, Series 1 by 0.5% in the first quarter. Great Lakes Advisors LLC now owns 4,549 shares of the exchange traded fund’s stock worth $602,000 after buying an additional 21 shares during the period. Stockman Wealth Management Inc. raised its position in PowerShares QQQ Trust, Series 1 by 0.4% in the first quarter. Stockman Wealth Management Inc. now owns 5,622 shares of the exchange traded fund’s stock worth $744,000 after buying an additional 21 shares during the period. Finally, Gradient Investments LLC raised its position in PowerShares QQQ Trust, Series 1 by 1.3% in the second quarter. Gradient Investments LLC now owns 1,639 shares of the exchange traded fund’s stock worth $226,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 39.25% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down 1.67% during trading on Thursday, hitting $141.71. 29,485,158 shares of the stock were exchanged. The company has a 50-day moving average price of $141.60 and a 200 day moving average price of $135.48. 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. Investors of record on Tuesday, June 20th were paid 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 dividend on an annualized basis and a dividend yield of 1.05%.

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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 price objective for the company in a research report 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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