Banque Pictet & Cie SA Sells 91,993 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Banque Pictet & Cie SA reduced its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 21.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,865 shares of the exchange traded fund’s stock after selling 91,993 shares during the period. PowerShares QQQ Trust, Series 1 comprises about 1.1% of Banque Pictet & Cie SA’s investment portfolio, making the stock its 24th largest holding. Banque Pictet & Cie SA owned 0.09% of PowerShares QQQ Trust, Series 1 worth $54,423,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 116.7% during the fourth quarter. Millennium Management LLC now owns 210,438 shares of the exchange traded fund’s stock worth $32,778,000 after acquiring an additional 1,472,895 shares in the last quarter. Westside Investment Management Inc. raised its holdings in PowerShares QQQ Trust, Series 1 by 1.6% during the fourth quarter. Westside Investment Management Inc. now owns 20,953 shares of the exchange traded fund’s stock worth $3,406,000 after acquiring an additional 340 shares in the last quarter. Fusion Family Wealth LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 1.5% during the fourth quarter. Fusion Family Wealth LLC now owns 130,466 shares of the exchange traded fund’s stock worth $20,321,000 after acquiring an additional 1,933 shares in the last quarter. Eldridge Investment Advisors Inc. bought a new stake in PowerShares QQQ Trust, Series 1 during the fourth quarter worth about $4,462,000. Finally, Lucas Capital Management raised its holdings in PowerShares QQQ Trust, Series 1 by 26.2% during the fourth quarter. Lucas Capital Management now owns 12,052 shares of the exchange traded fund’s stock worth $1,877,000 after acquiring an additional 2,503 shares in the last quarter. 39.18% of the stock is owned by institutional investors.

QQQ opened at $168.33 on Friday. PowerShares QQQ Trust, Series 1 has a 52-week low of $167.71 and a 52-week high of $168.96.

The business also recently announced a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Tuesday, March 20th were issued a dividend of $0.2766 per share. The ex-dividend date of this dividend was Monday, March 19th. This represents a $1.11 annualized dividend and a yield of 0.66%.

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.

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)

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