Edgestream Partners L.P. cut its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 10.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 202,692 shares of the exchange traded fund’s stock after selling 22,966 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises about 15.7% of Edgestream Partners L.P.’s portfolio, making the stock its biggest position. Edgestream Partners L.P.’s holdings in PowerShares QQQ Trust, Series 1 were worth $29,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of 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. CHURCHILL MANAGEMENT Corp boosted its position in shares of PowerShares QQQ Trust, Series 1 by 3.9% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock worth $484,337,000 after purchasing an additional 130,587 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 12.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,594,763 shares of the exchange traded fund’s stock worth $219,641,000 after purchasing an additional 180,843 shares in the last quarter. US Bancorp DE boosted its position in shares of PowerShares QQQ Trust, Series 1 by 11.7% in the 2nd quarter. US Bancorp DE now owns 1,242,292 shares of the exchange traded fund’s stock worth $170,990,000 after purchasing an additional 130,266 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 8.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,554 shares of the exchange traded fund’s stock worth $161,115,000 after purchasing an additional 86,838 shares in the last quarter. Institutional investors and hedge funds own 51.85% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th were issued a $0.3194 dividend. This represents a $1.28 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, September 18th.

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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.

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

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