CIBC Asset Management Inc boosted its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 40.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 32,578 shares of the exchange traded fund’s stock after acquiring an additional 9,350 shares during the period. CIBC Asset Management Inc’s holdings in PowerShares QQQ Trust, Series 1 were worth $4,738,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Maple Capital Management Inc. raised its stake in PowerShares QQQ Trust, Series 1 by 0.5% in the 2nd quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 10 shares during the period. United Asset Strategies Inc. raised its stake in PowerShares QQQ Trust, Series 1 by 0.3% in the 2nd quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock valued at $725,000 after acquiring an additional 15 shares during the period. Benchmark Capital Advisors raised its stake in PowerShares QQQ Trust, Series 1 by 0.8% in the 2nd quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock valued at $264,000 after acquiring an additional 15 shares during the period. HMS Capital Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 0.5% in the 2nd quarter. HMS Capital Management LLC now owns 3,491 shares of the exchange traded fund’s stock valued at $480,000 after acquiring an additional 19 shares during the period. Finally, Tradewinds Capital Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 52.59% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $152.59 on Thursday. PowerShares QQQ Trust, Series 1 has a 52 week low of $115.22 and a 52 week high of $154.54.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th were paid a $0.3194 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was 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.

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

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