Rockefeller Capital Management L.P. Invests $2.05 Million in PowerShares QQQ Trust, Series 1 (QQQ)

Rockefeller Capital Management L.P. acquired a new position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,825 shares of the exchange traded fund’s stock, valued at approximately $2,054,000.

Several other large investors have also modified their holdings of QQQ. Millennium Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 116.7% during the 4th quarter. Millennium Management LLC now owns 210,438 shares of the exchange traded fund’s stock worth $32,778,000 after acquiring an additional 1,472,895 shares during the period. Westside Investment Management Inc. raised its stake in PowerShares QQQ Trust, Series 1 by 1.6% during the 4th quarter. Westside Investment Management Inc. now owns 20,953 shares of the exchange traded fund’s stock worth $3,406,000 after acquiring an additional 340 shares during the period. Fusion Family Wealth LLC raised its stake in PowerShares QQQ Trust, Series 1 by 1.5% during the 4th quarter. Fusion Family Wealth LLC now owns 130,466 shares of the exchange traded fund’s stock worth $20,321,000 after acquiring an additional 1,933 shares during the period. Eldridge Investment Advisors Inc. bought a new stake in PowerShares QQQ Trust, Series 1 during the 4th quarter worth approximately $4,462,000. Finally, Lucas Capital Management raised its stake in PowerShares QQQ Trust, Series 1 by 26.2% during the 4th quarter. Lucas Capital Management now owns 12,052 shares of the exchange traded fund’s stock worth $1,877,000 after acquiring an additional 2,503 shares during the period. Hedge funds and other institutional investors own 41.06% of the company’s stock.

PowerShares QQQ Trust, Series 1 opened at $168.18 on Wednesday, according to MarketBeat.com. PowerShares QQQ Trust, Series 1 has a 12 month low of $135.80 and a 12 month high of $175.21.

The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Tuesday, March 20th were paid a dividend of $0.2766 per share. This represents a $1.11 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Monday, March 19th.

About PowerShares QQQ Trust, Series 1

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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