Nationwide Fund Advisors Reduces Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Nationwide Fund Advisors decreased its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 52.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,815 shares of the exchange traded fund’s stock after selling 13,262 shares during the quarter. Nationwide Fund Advisors’ holdings in PowerShares QQQ Trust, Series 1 were worth $1,626,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Maple Capital Management Inc. lifted its stake in PowerShares QQQ Trust, Series 1 by 0.5% during the second quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock worth $306,000 after purchasing an additional 10 shares during the last quarter. United Asset Strategies Inc. lifted its stake in PowerShares QQQ Trust, Series 1 by 0.3% during the second quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock worth $725,000 after purchasing an additional 15 shares during the last quarter. Benchmark Capital Advisors lifted its stake in PowerShares QQQ Trust, Series 1 by 0.8% during the second quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock worth $264,000 after purchasing an additional 15 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 20 shares during the last quarter. Finally, Stockman Wealth Management Inc. lifted its stake in PowerShares QQQ Trust, Series 1 by 0.4% during the first quarter. Stockman Wealth Management Inc. now owns 5,622 shares of the exchange traded fund’s stock worth $744,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 51.86% of the company’s stock.

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Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at 151.24 on Friday. The firm’s 50-day moving average price is $146.38 and its 200-day moving average price is $141.63. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $151.52.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th will be issued a $0.3194 dividend. This represents a $1.28 annualized dividend and a yield of 0.84%. The ex-dividend date is Monday, September 18th.

PowerShares QQQ Trust, Series 1 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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