Investors Sell Shares of PowerShares QQQ Trust, Series 1 (QQQ) on Strength (QQQ)

Investors sold shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) on strength during trading hours on Thursday. $1,025.75 million flowed into the stock on the tick-up and $1,052.43 million flowed out of the stock on the tick-down, for a money net flow of $26.68 million out of the stock. Of all equities tracked, PowerShares QQQ Trust, Series 1 had the 0th highest net out-flow for the day. PowerShares QQQ Trust, Series 1 traded up $0.91 for the day and closed at $160.65

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, March 20th will be given a $0.2766 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Monday, March 19th.

Several institutional investors have recently modified their holdings of QQQ. Jackson Grant Investment Advisers Inc. grew its position in shares of PowerShares QQQ Trust, Series 1 by 108.6% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 774 shares of the exchange traded fund’s stock worth $121,000 after buying an additional 403 shares during the last quarter. Glassman Wealth Services grew its position in shares of PowerShares QQQ Trust, Series 1 by 177.9% in the 4th quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock worth $126,000 after buying an additional 516 shares during the last quarter. Atlantic Trust LLC grew its position in shares of PowerShares QQQ Trust, Series 1 by 65.2% in the 3rd quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock worth $134,000 after buying an additional 363 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of PowerShares QQQ Trust, Series 1 in the 4th quarter worth approximately $139,000. Finally, Spectrum Management Group Inc. grew its position in shares of PowerShares QQQ Trust, Series 1 by 845.0% in the 4th quarter. Spectrum Management Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 845 shares during the last quarter. 38.94% of the stock is currently owned by hedge funds and other institutional investors.

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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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