25,500 Shares in Powershares QQQ Trust Series 1 (QQQ) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new stake in Powershares QQQ Trust Series 1 (NASDAQ:QQQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,500 shares of the exchange traded fund’s stock, valued at approximately $3,972,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Portfolio Strategies Inc increased its position in shares of Powershares QQQ Trust Series 1 by 1,465.0% during the 4th quarter. Portfolio Strategies Inc now owns 114,216 shares of the exchange traded fund’s stock valued at $8,895,000 after purchasing an additional 106,918 shares during the period. Merit Financial Group LLC acquired a new position in shares of Powershares QQQ Trust Series 1 during the 4th quarter valued at $265,000. Koch Industries Inc. acquired a new position in shares of Powershares QQQ Trust Series 1 during the 4th quarter valued at $33,589,000. Truewealth LLC acquired a new position in shares of Powershares QQQ Trust Series 1 during the 4th quarter valued at $443,000. Finally, Holderness Investments Co. increased its position in shares of Powershares QQQ Trust Series 1 by 3.7% during the 4th quarter. Holderness Investments Co. now owns 32,877 shares of the exchange traded fund’s stock valued at $5,121,000 after purchasing an additional 1,184 shares during the period. Hedge funds and other institutional investors own 41.82% of the company’s stock.

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QQQ opened at $164.91 on Friday. Powershares QQQ Trust Series 1 has a fifty-two week low of $131.82 and a fifty-two week high of $175.21.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, March 20th will be paid a dividend of $0.2766 per share. This represents a $1.11 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Monday, March 19th.

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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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