NTV Asset Management LLC Lowers Position in PowerShares QQQ Trust, Series 1 (QQQ)

NTV Asset Management LLC decreased its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,782 shares of the exchange traded fund’s stock after selling 624 shares during the period. PowerShares QQQ Trust, Series 1 comprises 2.9% of NTV Asset Management LLC’s portfolio, making the stock its 5th largest holding. NTV Asset Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $10,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. First Financial Corp IN raised its position in PowerShares QQQ Trust, Series 1 by 189.3% in the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 530 shares during the period. UBS Asset Management Americas Inc. raised its position in PowerShares QQQ Trust, Series 1 by 48.5% in the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after acquiring an additional 291 shares during the period. Tradewinds Capital Management LLC raised its position in PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after acquiring an additional 20 shares during the period. Exane Derivatives bought a new position in PowerShares QQQ Trust, Series 1 in the second quarter worth approximately $153,000. Finally, Bristlecone Advisors LLC bought a new position in PowerShares QQQ Trust, Series 1 in the third quarter worth approximately $165,000. Institutional investors own 52.59% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “NTV Asset Management LLC Lowers Position in PowerShares QQQ Trust, Series 1 (QQQ)” was reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://transcriptdaily.com/2017/11/14/ntv-asset-management-llc-lowers-position-in-powershares-qqq-trust-series-1-qqq.html.

PowerShares QQQ Trust, Series 1 (QQQ) traded up $0.19 on Tuesday, reaching $153.87. 12,522,300 shares of the company’s stock traded hands, compared to its average volume of 27,444,107. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $114.03 and a fifty-two week high of $154.54.

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

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)

Receive News & Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply