Brighton Jones LLC Purchases New Position in PowerShares QQQ Trust, Series 1 (QQQ)

Brighton Jones LLC purchased a new position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,680 shares of the exchange traded fund’s stock, valued at approximately $535,000.

Other hedge funds also recently bought and sold shares of the company. Buckingham Asset Management LLC increased its stake in PowerShares QQQ Trust, Series 1 by 21.1% in the 2nd quarter. Buckingham Asset Management LLC now owns 10,528 shares of the exchange traded fund’s stock worth $1,449,000 after buying an additional 1,835 shares during the period. Beaton Management Co. Inc. purchased a new position in PowerShares QQQ Trust, Series 1 in the 2nd quarter worth about $745,000. First Commonwealth Financial Corp PA purchased a new position in PowerShares QQQ Trust, Series 1 in the 2nd quarter worth about $487,000. SignalPoint Asset Management LLC purchased a new position in PowerShares QQQ Trust, Series 1 in the 3rd quarter worth about $269,000. Finally, NTV Asset Management LLC increased its stake in PowerShares QQQ Trust, Series 1 by 1.0% in the 2nd quarter. NTV Asset Management LLC now owns 70,406 shares of the exchange traded fund’s stock worth $9,690,000 after buying an additional 685 shares during the period. 53.80% of the stock is currently owned by institutional investors.

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PowerShares QQQ Trust, Series 1 (QQQ) traded down $0.12 during midday trading on Tuesday, reaching $153.83. 21,140,699 shares of the company’s stock were exchanged, compared to its average volume of 27,432,564. 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 announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were given a dividend of $0.3194 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, September 18th.

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.

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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