Lowe fs LLC decreased its position in PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,161 shares of the company’s stock after selling 498 shares during the period. PowerShares QQQ Trust Series 1 comprises about 10.4% of Lowe fs LLC’s holdings, making the stock its 3rd largest position. Lowe fs LLC’s holdings in PowerShares QQQ Trust Series 1 were worth $15,334,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of PowerShares QQQ Trust Series 1 by 1.8% in the third quarter. Private Trust Co. NA now owns 24,711 shares of the company’s stock worth $2,933,000 after buying an additional 426 shares during the period. Renaissance Investment Group LLC boosted its stake in shares of PowerShares QQQ Trust Series 1 by 0.4% in the third quarter. Renaissance Investment Group LLC now owns 1,973 shares of the company’s stock worth $234,000 after buying an additional 7 shares during the period. MSI Financial Services Inc boosted its stake in shares of PowerShares QQQ Trust Series 1 by 11.3% in the third quarter. MSI Financial Services Inc now owns 283,535 shares of the company’s stock worth $33,661,000 after buying an additional 28,874 shares during the period. Prospera Financial Services Inc boosted its stake in shares of PowerShares QQQ Trust Series 1 by 5.7% in the third quarter. Prospera Financial Services Inc now owns 18,798 shares of the company’s stock worth $2,233,000 after buying an additional 1,007 shares during the period. Finally, Patten & Patten Inc. TN boosted its stake in shares of PowerShares QQQ Trust Series 1 by 1.5% in the third quarter. Patten & Patten Inc. TN now owns 4,559 shares of the company’s stock worth $541,000 after buying an additional 67 shares during the period. Institutional investors own 31.00% of the company’s stock.

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

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) opened at 117.00 on Friday. The stock’s 50 day moving average price is $117.47 and its 200 day moving average price is $112.06. PowerShares QQQ Trust Series 1 has a 52-week low of $94.84 and a 52-week high of $119.48.

Separately, Vetr reaffirmed a “hold” rating on shares of PowerShares QQQ Trust Series 1 in a research report on Wednesday, September 14th.

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.

5 Day Chart for NASDAQ:QQQ

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