Strategic Wealth Advisors Group LLC Increases Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Strategic Wealth Advisors Group LLC increased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 213.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,547 shares of the exchange traded fund’s stock after buying an additional 10,593 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,139,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Financial Corp IN grew its stake 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 valued at $111,000 after purchasing an additional 530 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in PowerShares QQQ Trust, Series 1 by 48.5% in the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 291 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 20 shares during the last quarter. Botty Investors LLC purchased a new position in PowerShares QQQ Trust, Series 1 in the first quarter valued at about $132,000. Finally, Exane Derivatives purchased a new position in PowerShares QQQ Trust, Series 1 in the second quarter valued at about $153,000. Hedge funds and other institutional investors own 51.48% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th will be issued a dividend of $0.3194 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.28 annualized dividend and a yield of 0.86%.

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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.

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

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