Jacobus Wealth Management Inc. cut its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 17.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,289 shares of the exchange traded fund’s stock after selling 692 shares during the period. Jacobus Wealth Management Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $478,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. First Financial Corp IN boosted its holdings in shares of PowerShares QQQ Trust, Series 1 by 189.3% during 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 during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of 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 worth $123,000 after buying an additional 291 shares during the period. Tradewinds Capital Management LLC boosted its holdings in shares of 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 worth $127,000 after buying an additional 20 shares during the period. Botty Investors LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 during the 1st quarter worth about $132,000. Finally, Exane Derivatives bought a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth about $153,000. Institutional investors own 51.85% of the company’s stock.

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Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up $1.46 during mid-day trading on Friday, hitting $153.27. 26,199,249 shares of the company traded hands, compared to its average volume of 25,229,176. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $153.29.

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

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.

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

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