Ayalon Holdings Ltd. Has $10.53 Million Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Ayalon Holdings Ltd. trimmed its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 37.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 65,735 shares of the exchange traded fund’s stock after selling 39,920 shares during the period. PowerShares QQQ Trust, Series 1 accounts for approximately 8.8% of Ayalon Holdings Ltd.’s investment portfolio, making the stock its 2nd biggest position. Ayalon Holdings Ltd.’s holdings in PowerShares QQQ Trust, Series 1 were worth $10,532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Millennium Management LLC raised its position in PowerShares QQQ Trust, Series 1 by 116.7% during the 4th quarter. Millennium Management LLC now owns 210,438 shares of the exchange traded fund’s stock worth $32,778,000 after purchasing an additional 1,472,895 shares during the last quarter. Westside Investment Management Inc. raised its position in PowerShares QQQ Trust, Series 1 by 1.6% during the 4th quarter. Westside Investment Management Inc. now owns 20,953 shares of the exchange traded fund’s stock worth $3,406,000 after purchasing an additional 340 shares during the last quarter. Fusion Family Wealth LLC raised its position in PowerShares QQQ Trust, Series 1 by 1.5% during the 4th quarter. Fusion Family Wealth LLC now owns 130,466 shares of the exchange traded fund’s stock worth $20,321,000 after purchasing an additional 1,933 shares during the last quarter. Eldridge Investment Advisors Inc. bought a new position in PowerShares QQQ Trust, Series 1 during the 4th quarter worth $4,462,000. Finally, Lucas Capital Management raised its position in PowerShares QQQ Trust, Series 1 by 26.2% during the 4th quarter. Lucas Capital Management now owns 12,052 shares of the exchange traded fund’s stock worth $1,877,000 after purchasing an additional 2,503 shares during the last quarter. Institutional investors own 39.18% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 opened at $168.33 on Friday, Marketbeat reports. PowerShares QQQ Trust, Series 1 has a 1-year low of $167.71 and a 1-year high of $168.96.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Tuesday, March 20th were issued a dividend of $0.2766 per share. The ex-dividend date of this dividend was Monday, March 19th. This represents a $1.11 dividend on an annualized basis and a yield of 0.66%.

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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