PowerShares QQQ Trust, Series 1 (QQQ) Position Reduced by Hudock Capital Group LLC

Hudock Capital Group LLC lessened its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 29.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,245 shares of the exchange traded fund’s stock after selling 5,487 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises about 0.9% of Hudock Capital Group LLC’s investment portfolio, making the stock its 20th largest holding. Hudock Capital Group LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,926,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Financial Corp IN increased its holdings in shares of PowerShares QQQ Trust, Series 1 by 189.3% in the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 530 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of PowerShares QQQ Trust, Series 1 by 48.5% in the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after acquiring an additional 291 shares in the last quarter. Tradewinds Capital Management LLC increased its holdings in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after acquiring an additional 20 shares in the last quarter. Botty Investors LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter worth about $132,000. Finally, Exane Derivatives bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the second quarter worth about $153,000. Institutional investors and hedge funds own 51.85% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) traded up 0.188% during midday trading on Monday, hitting $151.525. The company’s stock had a trading volume of 20,704,836 shares. The company has a 50-day moving average price of $146.59 and a 200 day moving average price of $141.81. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $152.19.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th will be given a $0.3194 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, September 18th.

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

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