Today The Quantitative Investment Management LLC Buys New Position in PowerShares QQQ Trust, Series 1 (QQQ)

Today The Quantitative Investment Management LLC Buys New Position in PowerShares QQQ Trust, Series 1 (QQQ)

Quantitative Investment Management LLC bought a new position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 387,000 shares of the company’s stock, valued at approximately $45,944,000. PowerShares QQQ Trust, Series 1 comprises approximately 1.5% of Quantitative Investment Management LLC’s holdings, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Wade G W & Inc. increased its stake in shares of PowerShares QQQ Trust, Series 1 by 1.2% in the third quarter. Wade G W & Inc. now owns 20,525 shares of the company’s stock valued at $2,437,000 after buying an additional 253 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of PowerShares QQQ Trust, Series 1 by 1.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,577,280 shares of the company’s stock valued at $707,321,000 after buying an additional 118,500 shares during the period. Paradigm Financial Advisors LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 5.8% in the third quarter. Paradigm Financial Advisors LLC now owns 49,674 shares of the company’s stock valued at $5,897,000 after buying an additional 2,709 shares during the period. IFC Holdings Incorporated FL increased its stake in shares of PowerShares QQQ Trust, Series 1 by 16.5% in the second quarter. IFC Holdings Incorporated FL now owns 28,422 shares of the company’s stock valued at $3,068,000 after buying an additional 4,016 shares during the period. Finally, Strategic Advisors LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 16.6% in the third quarter. Strategic Advisors LLC now owns 23,365 shares of the company’s stock valued at $2,774,000 after buying an additional 3,326 shares during the period. 31.90% of the stock is currently owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded up 0.59% during mid-day trading on Wednesday, reaching $124.91. The company had a trading volume of 2,387,712 shares. The company’s 50 day moving average is $120.88 and its 200 day moving average is $117.61. PowerShares QQQ Trust, Series 1 has a 52-week low of $94.84 and a 52-week high of $125.03.

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Tuesday, December 20th were paid a dividend of $0.3549 per share. This represents a $1.42 annualized dividend and a yield of 1.14%. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, December 16th.

About PowerShares QQQ Trust, Series 1

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).

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