Janus Capital Management LLC Has $11.88 Million Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Janus Capital Management LLC raised its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 81.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,739 shares of the exchange traded fund’s stock after buying an additional 40,180 shares during the period. Janus Capital Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $11,879,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in PowerShares QQQ Trust, Series 1 by 4.1% in the fourth quarter. FMR LLC now owns 119,821 shares of the exchange traded fund’s stock worth $14,196,000 after buying an additional 4,750 shares in the last quarter. Ibex Wealth Advisors acquired a new position in PowerShares QQQ Trust, Series 1 during the fourth quarter worth $663,000. Baltimore Washington Financial Advisors Inc. raised its position in PowerShares QQQ Trust, Series 1 by 11.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 72,967 shares of the exchange traded fund’s stock worth $8,645,000 after buying an additional 7,687 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in PowerShares QQQ Trust, Series 1 by 17.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 48,116 shares of the exchange traded fund’s stock worth $5,701,000 after buying an additional 7,116 shares in the last quarter. Finally, M Holdings Securities Inc. raised its position in PowerShares QQQ Trust, Series 1 by 157.0% in the fourth quarter. M Holdings Securities Inc. now owns 58,692 shares of the exchange traded fund’s stock worth $6,954,000 after buying an additional 35,854 shares in the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down 0.07% on Friday, hitting $141.23. 60,751,940 shares of the stock were exchanged. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $145.96. The company has a 50-day moving average of $142.15 and a 200 day moving average of $136.28.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were paid a $0.3784 dividend. The ex-dividend date of this dividend was Friday, June 16th. This is a boost 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 1.07%.

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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 objective for the company in a research note on Tuesday, May 23rd.

PowerShares QQQ Trust, Series 1 Company 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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