PowerShares QQQ Trust, Series 1 (QQQ) is Segment Wealth Management LLC’s 4th Largest Position

Segment Wealth Management LLC increased its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 68,990 shares of the exchange traded fund’s stock after purchasing an additional 2,375 shares during the quarter. PowerShares QQQ Trust, Series 1 makes up 2.7% of Segment Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Segment Wealth Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $10,035,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. Morgan Stanley raised 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 in the last quarter. CHURCHILL MANAGEMENT Corp raised its stake 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. raised its stake in shares of PowerShares QQQ Trust, Series 1 by 12.8% in the second quarter. Ameriprise Financial Inc. now owns 1,594,763 shares of the exchange traded fund’s stock valued at $219,641,000 after purchasing an additional 180,843 shares in the last quarter. US Bancorp DE raised its stake 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. Finally, Northwestern Mutual Wealth Management Co. raised its stake 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. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $153.31 on Wednesday. PowerShares QQQ Trust, Series 1 has a 1 year low of $115.22 and a 1 year high of $154.54.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th were issued a dividend of $0.3194 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Monday, September 18th.

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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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