ING Groep NV Acquires Shares of 49,711 PowerShares QQQ Trust, Series 1 (QQQ)

ING Groep NV acquired a new position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 49,711 shares of the exchange traded fund’s stock, valued at approximately $6,581,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stadion Money Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 2,336.3% in the third quarter. Stadion Money Management LLC now owns 3,613,621 shares of the exchange traded fund’s stock worth $429,009,000 after buying an additional 3,465,295 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 3,388,278 shares of the exchange traded fund’s stock valued at $448,540,000 after buying an additional 73,281 shares during the period. US Bancorp DE raised its stake in shares of PowerShares QQQ Trust, Series 1 by 4.2% in the third quarter. US Bancorp DE now owns 1,041,363 shares of the exchange traded fund’s stock valued at $123,630,000 after buying an additional 42,392 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of PowerShares QQQ Trust, Series 1 by 4.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 892,371 shares of the exchange traded fund’s stock valued at $105,728,000 after buying an additional 38,142 shares during the period. Finally, RiverFront Investment Group LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 during the third quarter valued at approximately $99,537,000. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 137.84 on Friday. The firm has a 50-day moving average of $134.88 and a 200 day moving average of $126.53. PowerShares QQQ Trust, Series 1 has a one year low of $101.75 and a one year high of $139.64. PowerShares QQQ Trust, Series 1 also was the target of unusually large options trading activity on Wednesday. Stock investors bought 74,929 put options on the company. This represents an increase of 170% compared to the typical daily volume of 27,792 put options.

The business also recently announced a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Tuesday, March 21st were paid a $0.2742 dividend. The ex-dividend date was Friday, March 17th. This represents a $1.10 dividend on an annualized basis 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.

12 Month Chart for NASDAQ:QQQ

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