PowerShares QQQ Trust, Series 1 (QQQ) Stake Held by ICONIQ Capital LLC

ICONIQ Capital LLC continued to hold its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,344 shares of the exchange traded fund’s stock at the end of the 2nd quarter. PowerShares QQQ Trust, Series 1 comprises about 0.1% of ICONIQ Capital LLC’s portfolio, making the stock its 29th largest position. ICONIQ Capital LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,014,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Morgan Stanley boosted its position in shares of PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock worth $1,660,443,000 after buying an additional 1,874,344 shares during the period. Bank of Nova Scotia boosted its position in shares of PowerShares QQQ Trust, Series 1 by 2,479.8% in the first quarter. Bank of Nova Scotia now owns 1,029,923 shares of the exchange traded fund’s stock worth $136,341,000 after buying an additional 990,000 shares during the period. Bank of Tokyo Mitsubishi UFJ Ltd. purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the second quarter worth about $99,101,000. Quantitative Investment Management LLC boosted its position in shares of PowerShares QQQ Trust, Series 1 by 148.0% in the first quarter. Quantitative Investment Management LLC now owns 1,173,500 shares of the exchange traded fund’s stock worth $155,347,000 after buying an additional 700,400 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter worth about $78,292,000. Institutional investors own 50.61% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.14% during midday trading on Friday, hitting $147.66. The stock had a trading volume of 23,561,069 shares. The firm has a 50-day moving average price of $144.65 and a 200-day moving average price of $140.02. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $147.66. PowerShares QQQ Trust, Series 1 also was the target of unusually large options trading on Thursday. Traders bought 300,044 call options on the company. This represents an increase of 137% compared to the typical daily volume of 126,651 call options.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th will be paid a $0.3194 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.87%.

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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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