Wesbanco Bank Inc. increased its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,224 shares of the exchange traded fund’s stock after buying an additional 814 shares during the quarter. Wesbanco Bank Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $3,814,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. First Financial Corp IN grew its holdings in PowerShares QQQ Trust, Series 1 by 189.3% in the 2nd quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after buying an additional 530 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in PowerShares QQQ Trust, Series 1 by 48.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 291 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 2.2% during the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 20 shares in the last quarter. Botty Investors LLC bought a new position in PowerShares QQQ Trust, Series 1 during the 1st quarter valued at $132,000. Finally, Exane Derivatives bought a new position in PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at $153,000. 51.85% of the stock is owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded up $0.52 during midday trading on Tuesday, reaching $153.79. The company’s stock had a trading volume of 28,693,919 shares, compared to its average volume of 26,490,000. PowerShares QQQ Trust, Series 1 has a 52-week low of $114.03 and a 52-week high of $154.08.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were paid a dividend of $0.3194 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, September 18th.

TRADEMARK VIOLATION NOTICE: “PowerShares QQQ Trust, Series 1 (QQQ) Position Boosted by Wesbanco Bank Inc.” was posted by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/powershares-qqq-trust-series-1-qqq-position-boosted-by-wesbanco-bank-inc/1685987.html.

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.

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

Receive News & Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related companies with Analyst Ratings Network's FREE daily email newsletter.