Cambridge Investment Research Advisors Inc. Acquires 68,626 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Cambridge Investment Research Advisors Inc. boosted its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 17.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 471,340 shares of the exchange traded fund’s stock after purchasing an additional 68,626 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises 0.9% of Cambridge Investment Research Advisors Inc.’s portfolio, making the stock its 13th largest position. Cambridge Investment Research Advisors Inc. owned approximately 0.13% of PowerShares QQQ Trust, Series 1 worth $75,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bray Capital Advisors bought a new position in shares of PowerShares QQQ Trust, Series 1 in the first quarter worth approximately $107,000. Jackson Grant Investment Advisers Inc. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 108.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 774 shares of the exchange traded fund’s stock worth $121,000 after buying an additional 403 shares in the last quarter. Glassman Wealth Services lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 177.9% in the fourth quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock worth $126,000 after buying an additional 516 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of PowerShares QQQ Trust, Series 1 in the fourth quarter worth approximately $139,000. Finally, Fieldpoint Private Securities LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 125.0% in the first quarter. Fieldpoint Private Securities LLC now owns 900 shares of the exchange traded fund’s stock worth $144,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 39.18% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 stock opened at $168.33 on Friday. PowerShares QQQ Trust, Series 1 has a twelve month low of $167.71 and a twelve month high of $168.96.

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

PowerShares QQQ Trust, Series 1 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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