The Aveo Capital Partners LLC Invests $9,201,000 in PowerShares QQQ Trust Series 1 (QQQ)

The Aveo Capital Partners LLC Invests $9,201,000 in PowerShares QQQ Trust Series 1 (QQQ)

Aveo Capital Partners LLC bought a new stake in shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) during the fourth quarter, Holdings Channel reports. The fund bought 77,662 shares of the company’s stock, valued at approximately $9,201,000. PowerShares QQQ Trust Series 1 makes up approximately 2.6% of Aveo Capital Partners LLC’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in PowerShares QQQ Trust Series 1 by 1.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,577,280 shares of the company’s stock worth $707,321,000 after buying an additional 118,500 shares during the period. Stadion Money Management LLC increased its stake in shares of PowerShares QQQ Trust Series 1 by 2,336.3% in the third quarter. Stadion Money Management LLC now owns 3,613,621 shares of the company’s stock valued at $429,009,000 after buying an additional 3,465,295 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of PowerShares QQQ Trust Series 1 during the third quarter valued at about $160,785,000. Svenska Handelsbanken AB publ increased its stake in shares of PowerShares QQQ Trust Series 1 by 21.4% in the third quarter. Svenska Handelsbanken AB publ now owns 1,124,225 shares of the company’s stock valued at $9,564,897,000 after buying an additional 198,430 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of PowerShares QQQ Trust Series 1 by 4.2% in the third quarter. US Bancorp DE now owns 1,041,363 shares of the company’s stock valued at $123,630,000 after buying an additional 42,392 shares in the last quarter. 31.72% of the stock is owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) traded down 0.05% during midday trading on Thursday, reaching $122.98. The company had a trading volume of 12,629,767 shares. PowerShares QQQ Trust Series 1 has a 52-week low of $94.84 and a 52-week high of $123.65. The company’s 50-day moving average is $120.02 and its 200-day moving average is $117.18.

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 20th were given a dividend of $0.3549 per share. The ex-dividend date of this dividend was Friday, December 16th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from PowerShares QQQ Trust Series 1’s previous quarterly dividend of $0.25.

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.

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).

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