PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) Stake Lessened by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. trimmed its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,026 shares of the exchange traded fund’s stock after selling 2,953 shares during the period. Neville Rodie & Shaw Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $5,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Sei Investments Co. raised its position in shares of PowerShares QQQ Trust, Series 1 by 137.5% in the 1st quarter. Sei Investments Co. now owns 1,717 shares of the exchange traded fund’s stock worth $227,000 after acquiring an additional 994 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in PowerShares QQQ Trust, Series 1 by 132.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 17,002 shares of the exchange traded fund’s stock worth $2,251,000 after buying an additional 9,685 shares during the last quarter. Northstar Wealth Partners LLC purchased a new position in PowerShares QQQ Trust, Series 1 during the 1st quarter worth $1,310,000. Envestnet Asset Management Inc. grew its stake in PowerShares QQQ Trust, Series 1 by 23.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 328,762 shares of the exchange traded fund’s stock worth $43,520,000 after buying an additional 61,601 shares during the last quarter. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in PowerShares QQQ Trust, Series 1 by 3.2% during the 1st quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 24,823 shares of the exchange traded fund’s stock worth $3,286,000 after buying an additional 780 shares during the last quarter. 51.86% of the stock is owned by hedge funds and other institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) traded up 2.6913% on Friday, reaching $150.9151. The company had a trading volume of 25,789,149 shares. The firm’s 50 day moving average is $146.38 and its 200 day moving average is $141.63. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $150.99.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th will be issued a $0.3194 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, September 18th.

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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.

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

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