Balentine LLC continued to hold its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 800 shares of the exchange traded fund’s stock at the close of the 2nd quarter. Balentine LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Maple Capital Management Inc. increased its position in PowerShares QQQ Trust, Series 1 by 0.5% during the second quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock worth $306,000 after purchasing an additional 10 shares during the last quarter. United Asset Strategies Inc. increased its position in PowerShares QQQ Trust, Series 1 by 0.3% during the second quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock worth $725,000 after purchasing an additional 15 shares during the last quarter. Benchmark Capital Advisors increased its position in PowerShares QQQ Trust, Series 1 by 0.8% during the second quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock worth $264,000 after purchasing an additional 15 shares during the last quarter. HMS Capital Management LLC increased its position in PowerShares QQQ Trust, Series 1 by 0.5% during the second quarter. HMS Capital Management LLC now owns 3,491 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 19 shares during the last quarter. Finally, Tradewinds Capital Management LLC increased its position in PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 51.48% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.026% during midday trading on Tuesday, reaching $147.529. 6,050,788 shares of the company traded hands. The company’s 50-day moving average price is $144.83 and its 200 day moving average price is $140.29. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $148.14.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th will be issued a dividend of $0.3194 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.28 annualized dividend and a dividend yield of 0.87%.

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PowerShares QQQ Trust, Series 1 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.

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

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