PowerShares QQQ Trust, Series 1 (QQQ) Holdings Lifted by WESPAC Advisors LLC

WESPAC Advisors LLC raised its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 110.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 26,943 shares of the exchange traded fund’s stock after acquiring an additional 14,142 shares during the quarter. PowerShares QQQ Trust, Series 1 accounts for about 2.6% of WESPAC Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. WESPAC Advisors LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $4,314,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Millennium Management LLC lifted its position in shares of PowerShares QQQ Trust, Series 1 by 116.7% during the fourth quarter. Millennium Management LLC now owns 210,438 shares of the exchange traded fund’s stock worth $32,778,000 after purchasing an additional 1,472,895 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of PowerShares QQQ Trust, Series 1 by 1.6% during the fourth quarter. Westside Investment Management Inc. now owns 20,953 shares of the exchange traded fund’s stock worth $3,406,000 after purchasing an additional 340 shares in the last quarter. Fusion Family Wealth LLC lifted its position in shares of PowerShares QQQ Trust, Series 1 by 1.5% during the fourth quarter. Fusion Family Wealth LLC now owns 130,466 shares of the exchange traded fund’s stock worth $20,321,000 after purchasing an additional 1,933 shares in the last quarter. Eldridge Investment Advisors Inc. acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the fourth quarter worth $4,462,000. Finally, Lucas Capital Management lifted its position in shares of PowerShares QQQ Trust, Series 1 by 26.2% during the fourth quarter. Lucas Capital Management now owns 12,052 shares of the exchange traded fund’s stock worth $1,877,000 after purchasing an additional 2,503 shares in the last quarter. 39.18% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ QQQ opened at $168.13 on Wednesday. PowerShares QQQ Trust, Series 1 has a 52 week low of $167.71 and a 52 week high of $168.26.

The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Tuesday, March 20th were given a dividend of $0.2766 per share. The ex-dividend date was Monday, March 19th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 0.66%.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

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