Laurel Wealth Advisors Inc. Has $1.86 Million Holdings in PowerShares QQQ Trust, Series 1 (QQQ)

Laurel Wealth Advisors Inc. boosted its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 5.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,482 shares of the exchange traded fund’s stock after purchasing an additional 730 shares during the period. Laurel Wealth Advisors Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Advisory Group LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 134.0% during the 2nd quarter. Private Advisory Group LLC now owns 15,478 shares of the exchange traded fund’s stock worth $2,131,000 after acquiring an additional 8,863 shares in the last quarter. Highland Private Wealth Management purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth about $400,000. IHT Wealth Management LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 9.4% during the 2nd quarter. IHT Wealth Management LLC now owns 11,993 shares of the exchange traded fund’s stock worth $304,000 after acquiring an additional 1,027 shares in the last quarter. Princeton Portfolio Strategies Group LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 56.5% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 4,859 shares of the exchange traded fund’s stock worth $669,000 after acquiring an additional 1,755 shares in the last quarter. Finally, Ackerman Capital Advisors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth about $330,000. 51.48% of the stock is currently owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.03% during midday trading on Monday, hitting $147.70. 6,448,744 shares of the stock traded hands. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $148.01. The company’s 50 day moving average is $144.65 and its 200-day moving average is $140.02.

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

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Advisory Group LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 134.0% during the 2nd quarter. Private Advisory Group LLC now owns 15,478 shares of the exchange traded fund’s stock worth $2,131,000 after acquiring an additional 8,863 shares in the last quarter. Highland Private Wealth Management purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth about $400,000. IHT Wealth Management LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 9.4% during the 2nd quarter. IHT Wealth Management LLC now owns 11,993 shares of the exchange traded fund’s stock worth $304,000 after acquiring an additional 1,027 shares in the last quarter. Princeton Portfolio Strategies Group LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 56.5% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 4,859 shares of the exchange traded fund’s stock worth $669,000 after acquiring an additional 1,755 shares in the last quarter. Finally, Ackerman Capital Advisors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth about $330,000. 51.48% of the stock is currently owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.03% during midday trading on Monday, hitting $147.70. 6,448,744 shares of the stock traded hands. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $148.01. The company’s 50 day moving average is $144.65 and its 200-day moving average is $140.02.

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

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/09/laurel-wealth-advisors-inc-has-1-86-million-holdings-in-powershares-qqq-trust-series-1-qqq.html.

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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