PowerShares QQQ Trust, Series 1 (QQQ) Stake Lowered by HWG Holdings LP

HWG Holdings LP reduced its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,532 shares of the exchange traded fund’s stock after selling 1,659 shares during the period. PowerShares QQQ Trust, Series 1 makes up 2.4% of HWG Holdings LP’s portfolio, making the stock its 9th biggest holding. HWG Holdings LP’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp grew its position in shares of PowerShares QQQ Trust, Series 1 by 3.7% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 3,805,664 shares of the exchange traded fund’s stock valued at $592,770,000 after purchasing an additional 136,405 shares in the last quarter. Ameriprise Financial Inc. grew its position in PowerShares QQQ Trust, Series 1 by 0.3% in the third quarter. Ameriprise Financial Inc. now owns 1,599,211 shares of the exchange traded fund’s stock worth $234,183,000 after acquiring an additional 4,448 shares in the last quarter. Commonwealth Equity Services Inc grew its position in PowerShares QQQ Trust, Series 1 by 2.4% in the third quarter. Commonwealth Equity Services Inc now owns 1,215,001 shares of the exchange traded fund’s stock worth $176,721,000 after acquiring an additional 28,452 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in PowerShares QQQ Trust, Series 1 in the third quarter worth $145,450,000. Finally, First Republic Investment Management Inc. grew its position in PowerShares QQQ Trust, Series 1 by 6.8% in the third quarter. First Republic Investment Management Inc. now owns 805,050 shares of the exchange traded fund’s stock worth $117,094,000 after acquiring an additional 51,334 shares in the last quarter. Hedge funds and other institutional investors own 39.36% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded down $0.47 during trading hours on Wednesday, reaching $164.02. 41,231,803 shares of the company traded hands, compared to its average volume of 29,512,959. PowerShares QQQ Trust, Series 1 has a one year low of $122.43 and a one year high of $166.41.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were given a $0.3294 dividend. The ex-dividend date was Monday, December 18th. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 0.80%.

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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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

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