PowerShares QQQ Trust Series 1

Evrard Martin
Août 3, 2017

Forward Management LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 199.9% in the first quarter. Cumberland Advisors Inc. now owns 108,760 shares of the exchange traded fund's stock worth $14,970,000 after buying an additional 37,800 shares during the last quarter. Stockman Wealth Management Inc. increased its position in shares of PowerShares QQQ Trust, Series 1 by 0.4% 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. Quadrant Capital Group LLC increased its position in shares of PowerShares QQQ Trust, Series 1 by 0.7% in the first quarter. Forward Management LLC now owns 363,388 shares of the exchange traded fund's stock valued at $48,105,000 after buying an additional 242,208 shares during the last quarter. Finally, Renaissance Investment Group LLC increased its position in shares of PowerShares QQQ Trust, Series 1 by 1.2% in the first quarter. Winfield Associates Inc.'s holdings in PowerShares Exchange-Traded Fund Trust II were worth $215,000 as of its most recent filing with the SEC. Raymond James Trust N.A. now owns 5,912 shares of the exchange traded fund's stock valued at $782,000 after buying an additional 375 shares during the period. Janney Capital Management LLC now owns 525,752 shares of the exchange traded fund's stock worth $12,165,000 after buying an additional 5,675 shares in the last quarter.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) traded down 0.08% during trading on Friday, hitting $143.84. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $145.96. The company's 50-day moving average is $23.17 and its 200-day moving average is $23.25. 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.

COPYRIGHT VIOLATION NOTICE: "Fayez Sarofim & Co Holds Position in PowerShares QQQ Trust, Series 1 (QQQ)" was first posted by The Cerbat Gem and is owned by of The Cerbat Gem.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, July 18th were issued a dividend of $0.0643 per share. This is a positive change from PowerShares QQQ Trust, Series 1's previous quarterly dividend of $0.27. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.05%.

TRADEMARK VIOLATION WARNING: This report was originally reported by Transcript Daily and is the sole property of of Transcript Daily. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/08/03/archford-capital-strategies-llc-maintains-position-in-powershares-qqq-trust-series-1-nasdaqqqq-updated.html. If you are accessing this story on another site, it was stolen and republished in violation of USA & worldwide copyright legislation.

Separately, Vetr upgraded shares of 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 research note on Tuesday, May 23rd. 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.

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