PowerShares QQQ Trust, Series 1 (QQQ) Position Maintained by City Holding Co.

City Holding Co. continued to hold its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,105 shares of the exchange traded fund’s stock at the end of the second quarter. City Holding Co.’s holdings in PowerShares QQQ Trust, Series 1 were worth $152,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QQQ. Morgan Stanley increased its stake in shares of PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after buying an additional 1,874,344 shares during the period. Bank of Nova Scotia increased its position in PowerShares QQQ Trust, Series 1 by 2,479.8% in the first quarter. Bank of Nova Scotia now owns 1,029,923 shares of the exchange traded fund’s stock worth $136,341,000 after buying an additional 990,000 shares during the last quarter. Quantitative Investment Management LLC increased its position in PowerShares QQQ Trust, Series 1 by 148.0% in the first quarter. Quantitative Investment Management LLC now owns 1,173,500 shares of the exchange traded fund’s stock worth $155,347,000 after buying an additional 700,400 shares during the last quarter. AQR Capital Management LLC acquired a new position in PowerShares QQQ Trust, Series 1 during the first quarter worth approximately $78,292,000. Finally, Tower Research Capital LLC TRC increased its position in PowerShares QQQ Trust, Series 1 by 930.1% in the first quarter. Tower Research Capital LLC TRC now owns 549,109 shares of the exchange traded fund’s stock worth $72,691,000 after buying an additional 495,801 shares during the last quarter. Hedge funds and other institutional investors own 38.35% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down 0.07% during mid-day trading on Friday, hitting $141.23. The company had a trading volume of 60,751,940 shares. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $145.96. The stock’s 50-day moving average is $142.15 and its 200-day moving average is $136.28.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were paid a dividend of $0.3784 per share. The ex-dividend date was Friday, June 16th. 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 dividend yield of 1.07%.

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Separately, Vetr raised PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 target price for the company 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.

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

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