Traders Buy Shares of PowerShares QQQ Trust, Series 1 (QQQ) on Weakness

Investors bought shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) on weakness during trading on Friday. $416.16 million flowed into the stock on the tick-up and $306.14 million flowed out of the stock on the tick-down, for a money net flow of $110.02 million into the stock. Of all stocks tracked, PowerShares QQQ Trust, Series 1 had the 4th highest net in-flow for the day. PowerShares QQQ Trust, Series 1 traded down ($0.59) for the day and closed at $153.95

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

Several large investors have recently bought and sold shares of the company. Maple Capital Management Inc. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 0.5% during the second quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock worth $306,000 after buying an additional 10 shares during the period. United Asset Strategies Inc. lifted its position in PowerShares QQQ Trust, Series 1 by 0.3% during the second quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock valued at $725,000 after purchasing an additional 15 shares during the period. Benchmark Capital Advisors lifted its position in PowerShares QQQ Trust, Series 1 by 0.8% during the second quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 15 shares during the period. HMS Capital Management LLC lifted its position in PowerShares QQQ Trust, Series 1 by 0.5% during the second quarter. HMS Capital Management LLC now owns 3,491 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 19 shares during the period. Finally, Tradewinds Capital Management LLC lifted its position in PowerShares QQQ Trust, Series 1 by 2.2% during the second 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 period. Institutional investors and hedge funds own 52.59% of the company’s stock.

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About PowerShares QQQ Trust, Series 1

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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