King Luther Capital Management Corp Acquires 2,108 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

King Luther Capital Management Corp lifted its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 58.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,725 shares of the exchange traded fund’s stock after acquiring an additional 2,108 shares during the period. King Luther Capital Management Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $917,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Dumont & Blake Investment Advisors LLC increased its position in shares of PowerShares QQQ Trust, Series 1 by 0.9% during the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 36,054 shares of the exchange traded fund’s stock worth $5,616,000 after acquiring an additional 306 shares in the last quarter. EP Wealth Advisors LLC grew its position in PowerShares QQQ Trust, Series 1 by 4.8% in the 4th quarter. EP Wealth Advisors LLC now owns 6,899 shares of the exchange traded fund’s stock worth $1,075,000 after purchasing an additional 316 shares in the last quarter. Oxbow Advisors LLC grew its position in PowerShares QQQ Trust, Series 1 by 4.3% in the 4th quarter. Oxbow Advisors LLC now owns 8,040 shares of the exchange traded fund’s stock worth $1,252,000 after purchasing an additional 330 shares in the last quarter. D Orazio & Associates Inc. grew its position in PowerShares QQQ Trust, Series 1 by 15.3% in the 4th quarter. D Orazio & Associates Inc. now owns 2,492 shares of the exchange traded fund’s stock worth $388,000 after purchasing an additional 330 shares in the last quarter. Finally, Evanson Asset Management LLC grew its position in PowerShares QQQ Trust, Series 1 by 13.1% in the 4th quarter. Evanson Asset Management LLC now owns 2,928 shares of the exchange traded fund’s stock worth $456,000 after purchasing an additional 338 shares in the last quarter. 41.06% of the stock is owned by institutional investors.

PowerShares QQQ Trust, Series 1 stock opened at $167.46 on Monday. PowerShares QQQ Trust, Series 1 has a twelve month low of $135.80 and a twelve month high of $175.21.

The business also recently announced a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Tuesday, March 20th were given a dividend of $0.2766 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Monday, March 19th.

PowerShares QQQ Trust, Series 1 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.

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

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