Dana Investment Advisors Inc. Invests $282,000 in PowerShares QQQ Trust, Series 1 (QQQ) Stock

Dana Investment Advisors Inc. bought a new position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,049 shares of the exchange traded fund’s stock, valued at approximately $282,000.

A number of other institutional investors have also bought and sold shares of the stock. First Financial Corp IN lifted its stake in PowerShares QQQ Trust, Series 1 by 189.3% during the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after purchasing an additional 530 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in PowerShares QQQ Trust, Series 1 by 48.5% during the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 291 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 20 shares during the last quarter. Botty Investors LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the first quarter worth about $132,000. Finally, Exane Derivatives bought a new stake in PowerShares QQQ Trust, Series 1 during the second quarter worth about $153,000. Institutional investors and hedge funds own 51.48% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Dana Investment Advisors Inc. Invests $282,000 in PowerShares QQQ Trust, Series 1 (QQQ) Stock” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/09/dana-investment-advisors-inc-invests-282000-in-powershares-qqq-trust-series-1-qqq-stock.html.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.10% during midday trading on Monday, reaching $147.81. The company’s stock had a trading volume of 3,826,496 shares. The company’s 50-day moving average price is $144.65 and its 200-day moving average price is $140.02. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $148.01.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th will be given a dividend of $0.3194 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.87%.

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.

A number of other institutional investors have also bought and sold shares of the stock. First Financial Corp IN lifted its stake in PowerShares QQQ Trust, Series 1 by 189.3% during the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after purchasing an additional 530 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in PowerShares QQQ Trust, Series 1 by 48.5% during the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 291 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 20 shares during the last quarter. Botty Investors LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the first quarter worth about $132,000. Finally, Exane Derivatives bought a new stake in PowerShares QQQ Trust, Series 1 during the second quarter worth about $153,000. Institutional investors and hedge funds own 51.48% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Dana Investment Advisors Inc. Invests $282,000 in PowerShares QQQ Trust, Series 1 (QQQ) Stock” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/09/dana-investment-advisors-inc-invests-282000-in-powershares-qqq-trust-series-1-qqq-stock.html.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.10% during midday trading on Monday, reaching $147.81. The company’s stock had a trading volume of 3,826,496 shares. The company’s 50-day moving average price is $144.65 and its 200-day moving average price is $140.02. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $148.01.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th will be given a dividend of $0.3194 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.87%.

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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