Janus Capital Management LLC boosted its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 81.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,739 shares of the exchange traded fund’s stock after buying an additional 40,180 shares during the period. Janus Capital Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $11,879,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Ipswich Investment Management Co. Inc. raised its position in PowerShares QQQ Trust, Series 1 by 17.3% in the first quarter. Ipswich Investment Management Co. Inc. now owns 5,795 shares of the exchange traded fund’s stock valued at $767,000 after buying an additional 855 shares during the period. Forward Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 199.9% in the first quarter. Forward Management LLC now owns 363,388 shares of the exchange traded fund’s stock valued at $48,105,000 after buying an additional 242,208 shares during the period. Main Street Research LLC purchased a new stake in PowerShares QQQ Trust, Series 1 during the first quarter valued at about $202,000. V Wealth Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 533.0% in the first quarter. V Wealth Management LLC now owns 21,762 shares of the exchange traded fund’s stock valued at $2,880,000 after buying an additional 18,324 shares during the period. Finally, Wexford Capital LP raised its stake in PowerShares QQQ Trust, Series 1 by 33.9% in the first quarter. Wexford Capital LP now owns 183,383 shares of the exchange traded fund’s stock valued at $24,276,000 after buying an additional 46,395 shares during the period. 38.35% of the stock is owned by institutional investors.
Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded down 0.07% on Friday, hitting $141.23. 60,751,940 shares of the stock were exchanged. The company’s 50 day moving average is $142.15 and its 200-day moving average is $136.28. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $145.96.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were given a $0.3784 dividend. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. This represents a $1.51 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, June 16th.
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Separately, Vetr raised shares of PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 target price on the stock in a research report on Tuesday, May 23rd.
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.
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