SOL Capital Management CO decreased its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,967 shares of the exchange traded fund’s stock after selling 9,898 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises about 3.8% of SOL Capital Management CO’s portfolio, making the stock its 2nd biggest holding. SOL Capital Management CO’s holdings in PowerShares QQQ Trust, Series 1 were worth $13,522,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. First Financial Corp IN grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 189.3% in the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 530 shares during the period. UBS Asset Management Americas Inc. grew its holdings 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. Tradewinds Capital Management LLC grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 20 shares during the period. Botty Investors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at about $132,000. Finally, Exane Derivatives purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at about $153,000. 51.85% of the stock is owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.34% during midday trading on Tuesday, hitting $152.10. 11,023,876 shares of the company were exchanged. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $152.19. The company has a 50-day moving average price of $146.79 and a 200-day moving average price of $142.12.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th will be given a $0.3194 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Monday, September 18th.

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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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