Sei Investments Co. Increases Position in PowerShares QQQ Trust, Series 1 (QQQ)

Share on StockTwits

Sei Investments Co. boosted its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 69.6% in the first quarter, Holdings Channel reports. The institutional investor owned 11,394 shares of the exchange traded fund’s stock after acquiring an additional 4,677 shares during the period. Sei Investments Co.’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,824,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQ. Capital Fund Management S.A. bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the 4th quarter valued at approximately $442,000. UBS Asset Management Americas Inc. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 110.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,668 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 1,400 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 1.2% in the 4th quarter. Brown Advisory Inc. now owns 63,041 shares of the exchange traded fund’s stock valued at $9,819,000 after purchasing an additional 762 shares during the last quarter. Eaton Vance Management lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 13.1% in the 4th quarter. Eaton Vance Management now owns 6,155 shares of the exchange traded fund’s stock valued at $959,000 after purchasing an additional 713 shares during the last quarter. Finally, Swan Global Investments LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 13.7% in the 4th quarter. Swan Global Investments LLC now owns 30,800 shares of the exchange traded fund’s stock valued at $4,827,000 after purchasing an additional 3,700 shares during the last quarter. 41.59% of the stock is owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 opened at $175.32 on Monday, according to MarketBeat. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $135.80 and a fifty-two week high of $177.98.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Tuesday, June 19th will be issued a $0.3764 dividend. This represents a $1.51 annualized dividend and a dividend yield of 0.86%. This is an increase from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, June 18th.

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)

Receive News & Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.