Envestnet Asset Management Inc. Grows Holdings in PowerShares QQQ Trust, Series 1 (QQQ)

Envestnet Asset Management Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 435,801 shares of the exchange traded fund’s stock after purchasing an additional 41,984 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of PowerShares QQQ Trust, Series 1 worth $67,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Dumont & Blake Investment Advisors LLC grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 0.9% in the 4th quarter. Dumont & Blake Investment Advisors LLC now owns 36,054 shares of the exchange traded fund’s stock valued at $5,616,000 after acquiring an additional 306 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 4.8% in the 4th quarter. EP Wealth Advisors LLC now owns 6,899 shares of the exchange traded fund’s stock valued at $1,075,000 after acquiring an additional 316 shares in the last quarter. Oxbow Advisors LLC grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 4.3% in the 4th quarter. Oxbow Advisors LLC now owns 8,040 shares of the exchange traded fund’s stock valued at $1,252,000 after acquiring an additional 330 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 15.3% in the 4th quarter. D Orazio & Associates Inc. now owns 2,492 shares of the exchange traded fund’s stock valued at $388,000 after acquiring an additional 330 shares in the last quarter. Finally, McQueen Ball & Associates Inc. grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 18.3% in the 4th quarter. McQueen Ball & Associates Inc. now owns 2,168 shares of the exchange traded fund’s stock valued at $338,000 after acquiring an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.

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PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $162.80 on Friday. PowerShares QQQ Trust, Series 1 has a 1-year low of $129.40 and a 1-year high of $175.21.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, March 20th will be issued a $0.2766 dividend. This represents a $1.11 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, March 19th.

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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.

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

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