Ledyard National Bank Has $416,000 Position in PowerShares QQQ Trust, Series 1 (QQQ)

Ledyard National Bank decreased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 32.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,021 shares of the exchange traded fund’s stock after selling 1,425 shares during the period. Ledyard National Bank’s holdings in PowerShares QQQ Trust, Series 1 were worth $416,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Financial Corp IN boosted its position in 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 worth $111,000 after buying an additional 530 shares in the last quarter. Bartlett & Co. LLC boosted its position in PowerShares QQQ Trust, Series 1 by 29.1% in the first 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. Signature Estate & Investment Advisors LLC acquired a new position in PowerShares QQQ Trust, Series 1 during the first quarter worth approximately $125,000. Botty Investors LLC acquired a new position in PowerShares QQQ Trust, Series 1 during the first quarter worth approximately $132,000. Finally, Hartford Financial Management Inc. acquired a new position in PowerShares QQQ Trust, Series 1 during the first quarter worth approximately $139,000. 39.25% of the stock is currently owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (QQQ) traded up 0.121% on Tuesday, reaching $144.735. The company had a trading volume of 7,268,596 shares. The stock’s 50 day moving average is $140.84 and its 200-day moving average is $134.74. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $145.96.

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were issued a dividend of $0.3784 per share. This represents a $1.51 annualized dividend and a yield of 1.05%. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 16th.

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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 target on the stock in a report on Tuesday, May 23rd.

About PowerShares QQQ Trust, Series 1

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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