Apriem Advisors reduced its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 12.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,147 shares of the exchange traded fund’s stock after selling 580 shares during the period. Apriem Advisors’ holdings in PowerShares QQQ Trust, Series 1 were worth $571,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. First Financial Corp IN raised its stake in shares of PowerShares QQQ Trust, Series 1 by 189.3% in the second 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 during the last quarter. Bartlett & Co. LLC raised its stake in shares of PowerShares QQQ Trust, Series 1 by 29.1% in the first quarter. Bartlett & Co. LLC now owns 937 shares of the exchange traded fund’s stock worth $124,000 after buying an additional 211 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter worth approximately $125,000. Tradewinds Capital Management LLC raised its stake in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after buying an additional 20 shares during the last quarter. Finally, Botty Investors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter worth approximately $132,000. 51.61% of the stock is currently owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 142.97 on Wednesday. The company has a 50-day moving average price of $142.74 and a 200-day moving average price of $136.89. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $145.96.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were given a $0.3784 dividend. This represents a $1.51 annualized dividend and a yield of 1.06%. This is a boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 16th.

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

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

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