West Coast Financial LLC reduced its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,623 shares of the exchange traded fund’s stock after selling 446 shares during the period. West Coast Financial LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,545,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in QQQ. First Financial Corp IN increased its stake in shares of PowerShares QQQ Trust, Series 1 by 189.3% during the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 530 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of PowerShares QQQ Trust, Series 1 by 48.5% during the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after buying an additional 291 shares during the period. Tradewinds Capital Management LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after buying an additional 20 shares during the period. Botty Investors LLC purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $132,000. Finally, Exane Derivatives purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the second quarter valued at approximately $153,000. 51.85% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This article was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.watchlistnews.com/west-coast-financial-llc-has-1-55-million-holdings-in-powershares-qqq-trust-series-1-qqq/1685740.html.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded down $0.26 during midday trading on Tuesday, hitting $153.53. The company had a trading volume of 9,190,000 shares, compared to its average volume of 26,490,000. PowerShares QQQ Trust, Series 1 has a one year low of $114.03 and a one year high of $154.08.

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

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.