PowerShares QQQ Trust, Series 1 (QQQ) Shares Bought by CIBC World Markets Inc.

CIBC World Markets Inc. increased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 274.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,321 shares of the exchange traded fund’s stock after acquiring an additional 69,869 shares during the period. CIBC World Markets Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $15,264,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in QQQ. Natixis increased its stake in PowerShares QQQ Trust, Series 1 by 216.5% in the 1st quarter. Natixis now owns 3,381,968 shares of the exchange traded fund’s stock worth $541,555,000 after purchasing an additional 2,313,286 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in PowerShares QQQ Trust, Series 1 by 4.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,292,090 shares of the exchange traded fund’s stock worth $206,902,000 after purchasing an additional 52,007 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in PowerShares QQQ Trust, Series 1 by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 970,913 shares of the exchange traded fund’s stock worth $155,473,000 after purchasing an additional 32,783 shares in the last quarter. Raymond James & Associates increased its stake in PowerShares QQQ Trust, Series 1 by 4.1% in the 4th quarter. Raymond James & Associates now owns 965,175 shares of the exchange traded fund’s stock worth $150,338,000 after purchasing an additional 37,587 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in PowerShares QQQ Trust, Series 1 by 8.2% in the 1st quarter. First Republic Investment Management Inc. now owns 932,901 shares of the exchange traded fund’s stock worth $149,386,000 after purchasing an additional 70,444 shares in the last quarter. 41.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PowerShares QQQ Trust, Series 1 opened at $177.25 on Thursday, according to Marketbeat. PowerShares QQQ Trust, Series 1 has a 1-year low of $135.80 and a 1-year high of $177.98.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, June 19th will be paid a $0.3764 dividend. The ex-dividend date of this dividend is Monday, June 18th. This represents a $1.51 dividend on an annualized basis and a yield of 0.85%. This is a boost from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.28.

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.

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

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