WealthPLAN Partners LLC grew its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1,005.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,481 shares of the exchange traded fund’s stock after acquiring an additional 19,538 shares during the quarter. WealthPLAN Partners LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Maple Capital Management Inc. purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the 1st quarter worth about $293,000. Strategic Advisors LLC grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 23.8% during the 1st quarter. Strategic Advisors LLC now owns 32,531 shares of the exchange traded fund’s stock worth $4,307,000 after purchasing an additional 6,263 shares during the period. Advisors Preferred LLC grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 16.7% during the 1st quarter. Advisors Preferred LLC now owns 3,500 shares of the exchange traded fund’s stock worth $463,000 after purchasing an additional 500 shares during the period. Suntrust Banks Inc. grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 10.5% during the 1st quarter. Suntrust Banks Inc. now owns 311,414 shares of the exchange traded fund’s stock worth $41,223,000 after purchasing an additional 29,626 shares during the period. Finally, Cue Financial Group Inc. grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 5.0% during the 1st quarter. Cue Financial Group Inc. now owns 23,848 shares of the exchange traded fund’s stock worth $3,157,000 after purchasing an additional 1,125 shares during the period. 50.80% of the stock is owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down 0.10% during mid-day trading on Friday, hitting $144.32. The stock had a trading volume of 21,702,401 shares. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $146.59. The company has a 50-day moving average of $144.00 and a 200 day moving average of $138.84.

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

WARNING: “PowerShares QQQ Trust, Series 1 (QQQ) Shares Bought by WealthPLAN Partners LLC” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/powershares-qqq-trust-series-1-qqq-shares-bought-by-wealthplan-partners-llc/1583133.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.