PowerShares QQQ Trust, Series 1 (QQQ) Stake Lowered by Train Babcock Advisors LLC

Train Babcock Advisors LLC lowered its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,127 shares of the exchange traded fund’s stock after selling 960 shares during the period. PowerShares QQQ Trust, Series 1 comprises approximately 2.9% of Train Babcock Advisors LLC’s holdings, making the stock its 5th largest position. Train Babcock Advisors LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $6,371,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Garde Capital Inc. boosted its stake in PowerShares QQQ Trust, Series 1 by 15.0% in the third quarter. Garde Capital Inc. now owns 10,933 shares of the exchange traded fund’s stock valued at $1,113,000 after buying an additional 1,426 shares during the period. Forward Management LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the third quarter valued at about $52,294,000. Empirical Financial Services LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 1.0% in the third quarter. Empirical Financial Services LLC now owns 2,591 shares of the exchange traded fund’s stock valued at $308,000 after buying an additional 26 shares during the period. Mycio Wealth Partners LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 9.7% in the third quarter. Mycio Wealth Partners LLC now owns 8,794 shares of the exchange traded fund’s stock valued at $1,044,000 after buying an additional 774 shares during the period. Finally, Jackson Wealth Management LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 19.0% in the third quarter. Jackson Wealth Management LLC now owns 58,327 shares of the exchange traded fund’s stock valued at $6,874,000 after buying an additional 9,322 shares during the period. 36.00% of the stock is 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. PowerShares QQQ Trust, Series 1 has a 52-week low of $101.75 and a 52-week high of $139.64. 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 also was the target of some unusual options trading activity on Wednesday. Investors acquired 74,929 put options on the company. This represents an increase of 170% compared to the average daily volume of 27,792 put options.

The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Tuesday, March 21st were given a dividend of $0.2742 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, March 17th.

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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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