Hochman Cole Investment Advisors Inc. Sells 366 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Hochman Cole Investment Advisors Inc. lowered its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 25,573 shares of the exchange traded fund’s stock after selling 366 shares during the period. PowerShares QQQ Trust, Series 1 comprises about 2.4% of Hochman Cole Investment Advisors Inc.’s portfolio, making the stock its 11th largest holding. Hochman Cole Investment Advisors Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $3,720,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Buckingham Asset Management LLC grew its position in shares of PowerShares QQQ Trust, Series 1 by 21.1% during the 2nd quarter. Buckingham Asset Management LLC now owns 10,528 shares of the exchange traded fund’s stock valued at $1,449,000 after acquiring an additional 1,835 shares during the period. Beaton Management Co. Inc. acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at about $745,000. First Commonwealth Financial Corp PA acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at about $487,000. SignalPoint Asset Management LLC acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 3rd quarter valued at about $269,000. Finally, NTV Asset Management LLC grew its position in shares of PowerShares QQQ Trust, Series 1 by 1.0% during the 2nd quarter. NTV Asset Management LLC now owns 70,406 shares of the exchange traded fund’s stock valued at $9,690,000 after acquiring an additional 685 shares during the period. Institutional investors and hedge funds own 52.59% of the company’s stock.

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PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) traded up $0.19 during mid-day trading on Tuesday, reaching $153.87. The company had a trading volume of 12,522,300 shares, compared to its average volume of 27,444,107. PowerShares QQQ Trust, Series 1 has a 12 month low of $114.03 and a 12 month high of $154.54.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th were issued a $0.3194 dividend. This represents a $1.28 annualized dividend and a yield of 0.83%. The ex-dividend date was Monday, September 18th.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

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