Barber Financial Group Inc. bought a new position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 90,140 shares of the exchange traded fund’s stock, valued at approximately $12,407,000. PowerShares QQQ Trust, Series 1 accounts for 4.0% of Barber Financial Group Inc.’s portfolio, making the stock its 9th largest position.

Other hedge funds have also recently made changes to their positions in the company. First Financial Corp IN raised its stake in shares of 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 buying an additional 530 shares during the last quarter. Bartlett & Co. LLC raised its stake in shares of PowerShares QQQ Trust, Series 1 by 29.1% in the first quarter. Bartlett & Co. LLC now owns 937 shares of the exchange traded fund’s stock worth $124,000 after buying an additional 211 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter worth about $125,000. Tradewinds Capital Management LLC raised its stake in shares of 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 buying an additional 20 shares during the last quarter. Finally, Botty Investors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the first quarter worth about $132,000. 51.61% of the stock is currently owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at 146.20 on Friday. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $146.21. The stock’s 50 day moving average price is $143.30 and its 200-day moving average price is $137.38.

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Separately, Vetr raised PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 price objective on the stock in a research report on Tuesday, May 23rd.

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.

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

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