Fayez Sarofim & Co Holds Position in PowerShares QQQ Trust, Series 1 (QQQ)

Barsaba Taglieri
Agosto 3, 2017

First Financial Corp IN now owns 810 shares of the exchange traded fund's stock worth $111,000 after buying an additional 530 shares in the last quarter. Edwards & Company Inc. increased its position in shares of PowerShares Exchange-Traded Fund Trust II by 0.3% in the second quarter. Koshinski Asset Management Inc. now owns 6,057 shares of the exchange traded fund's stock worth $834,000 after buying an additional 1,093 shares during the last quarter. Main Street Research LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at approximately $202,000. Paradigm Financial Advisors LLC now owns 67,436 shares of the exchange traded fund's stock valued at $8,927,000 after buying an additional 8,001 shares in the last quarter. American Investment Services Inc. now owns 16,882 shares of the exchange traded fund's stock valued at $2,235,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 35.87% of the company's stock. Carroll Financial Associates Inc. increased its position in shares of PowerShares Exchange-Traded Fund Trust II by 14.1% in the second quarter.

A number of other large investors also recently modified their holdings of QQQ. Forward Management LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 199.9% in the first quarter. The institutional investor owned 2,164 shares of the exchange traded fund's stock at the end of the second quarter. Bartlett & Co. LLC now owns 937 shares of the exchange traded fund's stock worth $124,000 after buying an additional 211 shares in the last quarter.

PowerShares QQQ Trust, Series 1 (QQQ) traded down 0.20% during mid-day trading on Thursday, reaching $143.66. The company's stock had a trading volume of 25,907,531 shares. The stock has a 50 day moving average of $140.84 and a 200 day moving average of $134.74. PowerShares Exchange-Traded Fund Trust II has a one year low of $22.96 and a one year high of $23.46.

The company also recently declared a monthly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were issued a $0.3784 dividend. The ex-dividend date was Friday, June 16th. This is an increase from PowerShares Exchange-Traded Fund Trust II's previous monthly dividend of $0.06. A raise from PowerShares QQQ Trust, Series 1's prior periodic dividend of $0.27. this indicates a $1.51 annual dividend and a payout of 1.06%.

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Separately, Vetr raised PowerShares QQQ Trust, Series 1 from a "strong sell" rating to a "hold" rating and set a $139.96 price objective for the company in a report on Tuesday, May 23rd.

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. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index.

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