Prudential PLC Sells 18,750 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Prudential PLC lowered its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 73.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,660 shares of the exchange traded fund’s stock after selling 18,750 shares during the period. Prudential PLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $917,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QQQ. Morgan Stanley boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after purchasing an additional 1,874,344 shares during the period. Bank of Nova Scotia boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 2,479.8% in the first quarter. Bank of Nova Scotia now owns 1,029,923 shares of the exchange traded fund’s stock valued at $136,341,000 after purchasing an additional 990,000 shares during the period. Bank of Tokyo Mitsubishi UFJ Ltd. purchased a new position in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at $99,101,000. AQR Capital Management LLC purchased a new position in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at $78,292,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 930.1% in the first quarter. Tower Research Capital LLC TRC now owns 549,109 shares of the exchange traded fund’s stock valued at $72,691,000 after purchasing an additional 495,801 shares during the period. 51.48% of the stock is owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 147.60 on Wednesday. The firm’s 50-day moving average is $145.01 and its 200-day moving average is $140.41. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $148.14.

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

ILLEGAL ACTIVITY WARNING: “Prudential PLC Sells 18,750 Shares of PowerShares QQQ Trust, Series 1 (QQQ)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://ledgerg

Several other institutional investors have also added to or reduced their stakes in QQQ. Morgan Stanley boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after purchasing an additional 1,874,344 shares during the period. Bank of Nova Scotia boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 2,479.8% in the first quarter. Bank of Nova Scotia now owns 1,029,923 shares of the exchange traded fund’s stock valued at $136,341,000 after purchasing an additional 990,000 shares during the period. Bank of Tokyo Mitsubishi UFJ Ltd. purchased a new position in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at $99,101,000. AQR Capital Management LLC purchased a new position in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at $78,292,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 930.1% in the first quarter. Tower Research Capital LLC TRC now owns 549,109 shares of the exchange traded fund’s stock valued at $72,691,000 after purchasing an additional 495,801 shares during the period. 51.48% of the stock is owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 147.60 on Wednesday. The firm’s 50-day moving average is $145.01 and its 200-day moving average is $140.41. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $148.14.

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

ILLEGAL ACTIVITY WARNING: “Prudential PLC Sells 18,750 Shares of PowerShares QQQ Trust, Series 1 (QQQ)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://ledgergazette.com/2017/10/11/prudential-plc-sells-18750-shares-of-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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