Winslow Evans & Crocker Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 196.2% during the second quarter, Holdings Channel reports. The fund owned 13,447 shares of the exchange traded fund’s stock after buying an additional 8,907 shares during the period. Winslow Evans & Crocker Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. First Financial Corp IN raised its position in PowerShares QQQ Trust, Series 1 by 189.3% in the second 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 last quarter. Bartlett & Co. LLC raised its position in PowerShares QQQ Trust, Series 1 by 29.1% in the first quarter. Bartlett & Co. LLC now owns 937 shares of the exchange traded fund’s stock worth $124,000 after buying an additional 211 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in PowerShares QQQ Trust, Series 1 during the first quarter worth about $125,000. Botty Investors LLC purchased a new position in PowerShares QQQ Trust, Series 1 during the first quarter worth about $132,000. Finally, Hartford Financial Management Inc. purchased a new position in PowerShares QQQ Trust, Series 1 during the first quarter worth about $139,000. 39.25% of the stock is owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down 1.46% during mid-day trading on Thursday, hitting $142.01. 21,062,864 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $141.60 and a 200 day moving average of $135.48. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $145.96.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were given a $0.3784 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, June 16th.

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Separately, Vetr upgraded shares of PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 price target on the stock in a research report on Tuesday, May 23rd.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

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