Schnieders Capital Management LLC Acquires 906 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Schnieders Capital Management LLC raised its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 15.7% during the 1st quarter, Holdings Channel reports. The firm owned 6,682 shares of the exchange traded fund’s stock after acquiring an additional 906 shares during the period. Schnieders Capital Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,070,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of QQQ. Millennium Management LLC boosted its holdings in PowerShares QQQ Trust, Series 1 by 116.7% in the fourth quarter. Millennium Management LLC now owns 210,438 shares of the exchange traded fund’s stock valued at $32,778,000 after purchasing an additional 1,472,895 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in PowerShares QQQ Trust, Series 1 by 100.4% in the fourth quarter. Alliancebernstein L.P. now owns 2,880 shares of the exchange traded fund’s stock valued at $449,000 after purchasing an additional 785,042 shares during the last quarter. ING Groep NV boosted its holdings in PowerShares QQQ Trust, Series 1 by 3,046.8% in the first quarter. ING Groep NV now owns 523,503 shares of the exchange traded fund’s stock valued at $83,829,000 after purchasing an additional 506,867 shares during the last quarter. Bailard Inc. boosted its holdings in PowerShares QQQ Trust, Series 1 by 477.3% in the fourth quarter. Bailard Inc. now owns 420,844 shares of the exchange traded fund’s stock valued at $65,551,000 after purchasing an additional 347,940 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in PowerShares QQQ Trust, Series 1 by 23,072.0% in the fourth quarter. Assetmark Inc. now owns 290,808 shares of the exchange traded fund’s stock valued at $45,296,000 after purchasing an additional 289,553 shares during the last quarter. 41.06% of the stock is currently owned by institutional investors.

QQQ stock opened at $168.18 on Wednesday. PowerShares QQQ Trust, Series 1 has a 52-week low of $135.80 and a 52-week high of $175.21.

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

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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