PowerShares QQQ Trust, Series 1 (QQQ) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 211,010 shares of the exchange traded fund’s stock after buying an additional 1,330 shares during the quarter. PowerShares QQQ Trust, Series 1 accounts for approximately 5.2% of Miracle Mile Advisors LLC’s holdings, making the stock its 9th largest holding. Miracle Mile Advisors LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $30,691,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parametric Portfolio Associates LLC grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 132.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 17,002 shares of the exchange traded fund’s stock valued at $2,251,000 after acquiring an additional 9,685 shares in the last quarter. FMR LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 6.0% in the first quarter. FMR LLC now owns 127,018 shares of the exchange traded fund’s stock valued at $16,815,000 after buying an additional 7,197 shares in the last quarter. Sun Life Financial INC raised its position in PowerShares QQQ Trust, Series 1 by 9.0% during the first quarter. Sun Life Financial INC now owns 41,673 shares of the exchange traded fund’s stock valued at $315,000 after purchasing an additional 3,457 shares in the last quarter. Clark Capital Management Group Inc. raised its position in PowerShares QQQ Trust, Series 1 by 142.7% during the first quarter. Clark Capital Management Group Inc. now owns 67,549 shares of the exchange traded fund’s stock valued at $8,943,000 after purchasing an additional 39,720 shares in the last quarter. Finally, Westside Investment Management Inc. raised its position in PowerShares QQQ Trust, Series 1 by 17.9% during the first quarter. Westside Investment Management Inc. now owns 22,072 shares of the exchange traded fund’s stock valued at $2,913,000 after purchasing an additional 3,348 shares in the last quarter. 51.85% of the stock is currently owned by institutional investors and hedge funds.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were issued a $0.3194 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Monday, September 18th.

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

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