Live Your Vision LLC Acquires 1 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Live Your Vision LLC boosted its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,407 shares of the exchange traded fund’s stock after buying an additional 1 shares during the period. Live Your Vision LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $451,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bartlett & Co. LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 29.1% in the first quarter. Bartlett & Co. LLC now owns 937 shares of the exchange traded fund’s stock valued at $124,000 after buying an additional 211 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $125,000. Hartford Financial Management Inc. bought a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $139,000. Pinnacle Bank bought a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $194,000. Finally, Wsfs Capital Management LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 during the fourth quarter valued at approximately $200,000. 35.12% of the stock is currently owned by institutional investors and hedge funds.

PowerShares QQQ Trust, Series 1 (QQQ) traded down 0.08% during trading on Friday, hitting $143.84. The stock had a trading volume of 38,013,176 shares. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $145.96. The stock’s 50-day moving average price is $140.62 and its 200-day moving average price is $134.27.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Tuesday, June 20th will be issued a $0.3784 dividend. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. This represents a $1.51 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, June 16th.

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Separately, Vetr raised PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 price objective for the company in a research note on Tuesday, May 23rd.

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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