Simmons Bank Has $2.93 Million Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Simmons Bank decreased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,250 shares of the exchange traded fund’s stock after selling 1,016 shares during the period. Simmons Bank’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,925,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in QQQ. First Financial Corp IN boosted its stake in shares of 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 valued at $111,000 after buying an additional 530 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in PowerShares QQQ Trust, Series 1 by 48.5% during the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 291 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 20 shares in the last quarter. Botty Investors LLC purchased a new stake in PowerShares QQQ Trust, Series 1 during the first quarter worth $132,000. Finally, Exane Derivatives purchased a new stake in PowerShares QQQ Trust, Series 1 during the second quarter worth $153,000. Institutional investors own 51.83% of the company’s stock.

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PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded down 0.01% during midday trading on Tuesday, reaching $148.83. The company’s stock had a trading volume of 6,985,168 shares. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $148.95. The stock’s 50-day moving average price is $145.57 and its 200-day moving average price is $140.77.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th will be paid a dividend of $0.3194 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Monday, September 18th.

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.

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

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