West Coast Financial LLC trimmed its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 25.6% in the 4th quarter, HoldingsChannel reports. The fund owned 7,903 shares of the exchange traded fund’s stock after selling 2,720 shares during the quarter. West Coast Financial LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the third quarter worth $1,471,000. Neuberger Berman Group LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 3.2% during the third quarter. Neuberger Berman Group LLC now owns 99,710 shares of the exchange traded fund’s stock worth $14,503,000 after buying an additional 3,135 shares during the period. HWG Holdings LP lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 7,350.6% during the third quarter. HWG Holdings LP now owns 20,191 shares of the exchange traded fund’s stock worth $2,937,000 after buying an additional 19,920 shares during the period. Beaton Management Co. Inc. acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the second quarter worth $745,000. Finally, First Commonwealth Financial Corp PA acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the second quarter worth $487,000. Institutional investors own 39.36% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up $0.52 during trading hours on Friday, hitting $166.34. 38,921,935 shares of the stock traded hands, compared to its average volume of 30,331,893. PowerShares QQQ Trust, Series 1 has a 1-year low of $122.57 and a 1-year high of $166.61.

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

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

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