PowerShares QQQ Trust, Series 1 (QQQ) Position Trimmed by Bingham Osborn & Scarborough LLC

Bingham Osborn & Scarborough LLC decreased its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 393,340 shares of the exchange traded fund’s stock after selling 22,220 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises approximately 5.4% of Bingham Osborn & Scarborough LLC’s holdings, making the stock its 6th largest position. Bingham Osborn & Scarborough LLC owned about 0.11% of PowerShares QQQ Trust, Series 1 worth $57,211,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. First Financial Corp IN raised its holdings in PowerShares QQQ Trust, Series 1 by 189.3% in the 2nd quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after acquiring an additional 530 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in PowerShares QQQ Trust, Series 1 by 48.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 291 shares in the last quarter. Tradewinds Capital Management LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after acquiring an additional 20 shares in the last quarter. Botty Investors LLC acquired a new position in PowerShares QQQ Trust, Series 1 in the 1st quarter valued at approximately $132,000. Finally, Exane Derivatives acquired a new position in PowerShares QQQ Trust, Series 1 in the 2nd quarter valued at approximately $153,000. Hedge funds and other institutional investors own 51.85% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down $0.01 during trading on Friday, reaching $153.68. The company’s stock had a trading volume of 20,150,700 shares, compared to its average volume of 27,766,816. PowerShares QQQ Trust, Series 1 has a 12-month low of $114.03 and a 12-month high of $154.54.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were issued a $0.3194 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $1.28 annualized dividend and a yield of 0.83%.

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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.

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

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