PowerShares QQQ Trust, Series 1 (QQQ) Holdings Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 497.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,285 shares of the exchange traded fund’s stock after purchasing an additional 25,213 shares during the period. Oppenheimer Asset Management Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $4,850,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in QQQ. Bray Capital Advisors acquired a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at approximately $107,000. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of PowerShares QQQ Trust, Series 1 by 108.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 774 shares of the exchange traded fund’s stock valued at $121,000 after acquiring an additional 403 shares during the period. Glassman Wealth Services boosted its holdings in shares of PowerShares QQQ Trust, Series 1 by 177.9% in the fourth quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock valued at $126,000 after acquiring an additional 516 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of PowerShares QQQ Trust, Series 1 in the fourth quarter valued at approximately $139,000. Finally, Fieldpoint Private Securities LLC lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 125.0% during the first quarter. Fieldpoint Private Securities LLC now owns 900 shares of the exchange traded fund’s stock worth $144,000 after purchasing an additional 500 shares during the period. Institutional investors own 41.06% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 opened at $169.60 on Thursday, according to Marketbeat.com. PowerShares QQQ Trust, Series 1 has a 1-year low of $135.80 and a 1-year high of $175.21.

The business also recently declared a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Tuesday, March 20th were issued a dividend of $0.2766 per share. This represents a $1.11 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Monday, March 19th.

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.

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Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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