PowerShares QQQ Trust, Series 1 (QQQ) Holdings Cut by Milestone Group Inc.

Milestone Group Inc. trimmed its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 37.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,961 shares of the exchange traded fund’s stock after selling 1,162 shares during the period. Milestone Group Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Wealth Partners LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the 3rd quarter valued at about $209,000. Crescent Grove Advisors LLC lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 6.3% in the 3rd quarter. Crescent Grove Advisors LLC now owns 27,493 shares of the exchange traded fund’s stock valued at $4,008,000 after purchasing an additional 1,640 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 16.8% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 2,330 shares of the exchange traded fund’s stock valued at $339,000 after purchasing an additional 335 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 408.1% in the 3rd quarter. Sei Investments Co. now owns 7,184 shares of the exchange traded fund’s stock valued at $1,044,000 after purchasing an additional 5,770 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 25.8% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 60,613 shares of the exchange traded fund’s stock valued at $8,834,000 after purchasing an additional 12,419 shares during the last quarter. 52.59% of the stock is owned by institutional investors.

PowerShares QQQ Trust, Series 1 (QQQ) traded down $0.01 on Monday, reaching $153.68. The company’s stock had a trading volume of 20,150,700 shares, compared to its average volume of 27,512,615. PowerShares QQQ Trust, Series 1 has a 12-month low of $114.03 and a 12-month high of $154.54.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were paid a dividend of $0.3194 per share. This represents a $1.28 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was 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.

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

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