Marco Investment Management LLC held its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,284 shares of the exchange traded fund’s stock at the end of the 2nd quarter. Marco Investment Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $452,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QQQ. Morgan Stanley raised its stake in PowerShares QQQ Trust, Series 1 by 17.6% in the 1st quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock worth $1,660,443,000 after purchasing an additional 1,874,344 shares in the last quarter. Bank of Nova Scotia raised its stake in PowerShares QQQ Trust, Series 1 by 2,479.8% in the 1st quarter. Bank of Nova Scotia now owns 1,029,923 shares of the exchange traded fund’s stock worth $136,341,000 after purchasing an additional 990,000 shares in the last quarter. Bank of Tokyo Mitsubishi UFJ Ltd. acquired a new stake in PowerShares QQQ Trust, Series 1 in the 2nd quarter worth about $99,101,000. Quantitative Investment Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 148.0% in the 1st quarter. Quantitative Investment Management LLC now owns 1,173,500 shares of the exchange traded fund’s stock worth $155,347,000 after purchasing an additional 700,400 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in PowerShares QQQ Trust, Series 1 in the 1st quarter worth about $78,292,000. Institutional investors and hedge funds own 50.80% of the company’s stock.

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Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded down 0.10% during mid-day trading on Friday, reaching $144.32. 21,702,401 shares of the company’s stock traded hands. The firm has a 50-day moving average of $144.00 and a 200 day moving average of $138.84. PowerShares QQQ Trust, Series 1 has a 12-month low of $113.45 and a 12-month high of $146.59.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th will be given a dividend of $0.3194 per share. The ex-dividend date is Monday, September 18th. This represents a $1.28 dividend on an annualized basis and a yield of 0.89%.

PowerShares QQQ Trust, Series 1 Company 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.

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

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