Sun Life Financial INC raised its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 641.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,800 shares of the exchange traded fund’s stock after purchasing an additional 267,127 shares during the period. PowerShares QQQ Trust, Series 1 accounts for about 4.6% of Sun Life Financial INC’s holdings, making the stock its 3rd largest holding. Sun Life Financial INC’s holdings in PowerShares QQQ Trust, Series 1 were worth $42,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Maple Capital Management Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.5% in the 2nd quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock worth $306,000 after acquiring an additional 10 shares in the last quarter. United Asset Strategies Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.3% in the 2nd quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock worth $725,000 after acquiring an additional 15 shares in the last quarter. Benchmark Capital Advisors raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.8% in the 2nd quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock worth $264,000 after acquiring an additional 15 shares in the last quarter. HMS Capital Management LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.5% in the 2nd quarter. HMS Capital Management LLC now owns 3,491 shares of the exchange traded fund’s stock worth $480,000 after acquiring an additional 19 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after acquiring an additional 20 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.72% on Friday, hitting $145.45. The stock had a trading volume of 43,102,366 shares. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week 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 business 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 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is 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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