Pictet & Cie Europe SA Sells 52,656 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Pictet & Cie Europe SA lowered its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 21.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,791 shares of the exchange traded fund’s stock after selling 52,656 shares during the quarter. PowerShares QQQ Trust, Series 1 makes up about 3.9% of Pictet & Cie Europe SA’s holdings, making the stock its 4th largest holding. Pictet & Cie Europe SA owned 0.05% of PowerShares QQQ Trust, Series 1 worth $27,460,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp grew its position in shares of PowerShares QQQ Trust, Series 1 by 3.9% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock valued at $484,337,000 after purchasing an additional 130,587 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of PowerShares QQQ Trust, Series 1 by 0.3% in the third quarter. Ameriprise Financial Inc. now owns 1,599,211 shares of the exchange traded fund’s stock valued at $234,183,000 after purchasing an additional 4,448 shares in the last quarter. US Bancorp DE grew its position in shares of PowerShares QQQ Trust, Series 1 by 11.7% in the second quarter. US Bancorp DE now owns 1,242,292 shares of the exchange traded fund’s stock valued at $170,990,000 after purchasing an additional 130,266 shares in the last quarter. Commonwealth Equity Services Inc grew its position in shares of PowerShares QQQ Trust, Series 1 by 2.4% in the third quarter. Commonwealth Equity Services Inc now owns 1,215,001 shares of the exchange traded fund’s stock valued at $176,721,000 after purchasing an additional 28,452 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of PowerShares QQQ Trust, Series 1 by 8.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,554 shares of the exchange traded fund’s stock valued at $161,115,000 after purchasing an additional 86,838 shares in the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

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PowerShares QQQ Trust, Series 1 (QQQ) traded up $1.95 during mid-day trading on Friday, hitting $154.54. The stock had a trading volume of 34,790,500 shares, compared to its average volume of 27,455,098. PowerShares QQQ Trust, Series 1 has a 1-year low of $115.22 and a 1-year high of $154.89.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th were given a $0.3194 dividend. The ex-dividend date was Monday, September 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.83%.

PowerShares QQQ Trust, Series 1 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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