PowerShares QQQ Trust, Series 1 (QQQ) Shares Sold by New England Investment & Retirement Group Inc.

New England Investment & Retirement Group Inc. decreased its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,117 shares of the exchange traded fund’s stock after selling 1,789 shares during the period. PowerShares QQQ Trust, Series 1 accounts for about 8.9% of New England Investment & Retirement Group Inc.’s holdings, making the stock its biggest position. New England Investment & Retirement Group Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $16,840,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 48.5% in the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 291 shares during the period. Atlantic Trust LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 65.2% in the third quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock valued at $134,000 after purchasing an additional 363 shares during the period. Asset Planning Services Ltd. raised its position in shares of PowerShares QQQ Trust, Series 1 by 79.9% in the third quarter. Asset Planning Services Ltd. now owns 1,108 shares of the exchange traded fund’s stock valued at $161,000 after purchasing an additional 492 shares during the period. Bristlecone Advisors LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the third quarter valued at approximately $165,000. Finally, FTB Advisors Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 74.0% in the third quarter. FTB Advisors Inc. now owns 1,223 shares of the exchange traded fund’s stock valued at $178,000 after purchasing an additional 520 shares during the period. 39.36% of the stock is currently owned by institutional investors.

PowerShares QQQ Trust, Series 1 (QQQ) opened at $165.82 on Friday. PowerShares QQQ Trust, Series 1 has a 12 month low of $122.57 and a 12 month high of $166.41.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were paid a dividend of $0.3294 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.32 annualized dividend and a yield of 0.79%. This is a boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.32.

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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.

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

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