Bouchey Financial Group Ltd Boosts Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Bouchey Financial Group Ltd raised its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 262,435 shares of the exchange traded fund’s stock after purchasing an additional 4,117 shares during the quarter. PowerShares QQQ Trust, Series 1 accounts for about 11.9% of Bouchey Financial Group Ltd’s investment portfolio, making the stock its biggest position. Bouchey Financial Group Ltd owned about 0.07% of PowerShares QQQ Trust, Series 1 worth $38,171,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of QQQ. Morgan Stanley increased its stake in PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after acquiring an additional 1,874,344 shares during the period. Bank of Nova Scotia increased its stake in PowerShares QQQ Trust, Series 1 by 2,479.8% in the first quarter. Bank of Nova Scotia now owns 1,029,923 shares of the exchange traded fund’s stock valued at $136,341,000 after acquiring an additional 990,000 shares during the period. Bank of Tokyo Mitsubishi UFJ Ltd. bought a new stake in PowerShares QQQ Trust, Series 1 in the second quarter valued at about $99,101,000. AQR Capital Management LLC bought a new stake in PowerShares QQQ Trust, Series 1 in the first quarter valued at about $78,292,000. Finally, Tower Research Capital LLC TRC increased its stake in PowerShares QQQ Trust, Series 1 by 930.1% in the first quarter. Tower Research Capital LLC TRC now owns 549,109 shares of the exchange traded fund’s stock valued at $72,691,000 after acquiring an additional 495,801 shares during the period. Institutional investors own 52.59% of the company’s stock.

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PowerShares QQQ Trust, Series 1 (QQQ) traded up $0.19 during trading hours on Tuesday, reaching $153.87. 12,522,300 shares of the company’s stock were exchanged, compared to its average volume of 27,444,107. PowerShares QQQ Trust, Series 1 has a 52-week low of $114.03 and a 52-week high of $154.54.

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

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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