PowerShares QQQ Trust, Series 1 (QQQ) Shares Sold by Security National Trust Co.

Security National Trust Co. decreased its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,298 shares of the exchange traded fund’s stock after selling 500 shares during the period. Security National Trust Co.’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,207,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. First Financial Corp IN boosted its holdings in shares of PowerShares QQQ Trust, Series 1 by 189.3% in the 2nd 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 in the last quarter. UBS Asset Management Americas Inc. raised its position in PowerShares QQQ Trust, Series 1 by 48.5% in the 2nd 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 raised its position in PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd 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. Bristlecone Advisors LLC purchased a new stake in PowerShares QQQ Trust, Series 1 in the 3rd quarter valued at $165,000. Finally, Klingman & Associates LLC purchased a new stake in PowerShares QQQ Trust, Series 1 in the 3rd quarter valued at $202,000. Institutional investors and hedge funds own 53.80% of the company’s stock.

PowerShares QQQ Trust, Series 1 (QQQ) traded down $0.59 during mid-day trading on Monday, reaching $153.95. 28,725,800 shares of the company traded hands, compared to its average volume of 27,460,779. PowerShares QQQ Trust, Series 1 has a 1 year low of $115.22 and a 1 year high of $154.89.

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

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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.

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

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