Mizuho Trust & Banking Co. Ltd. lessened its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,000 shares of the exchange traded fund’s stock after selling 20,000 shares during the period. PowerShares QQQ Trust, Series 1 makes up about 7.3% of Mizuho Trust & Banking Co. Ltd.’s portfolio, making the stock its 6th largest holding. Mizuho Trust & Banking Co. Ltd.’s holdings in PowerShares QQQ Trust, Series 1 were worth $20,646,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. WealthTrust Fairport LLC lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 0.3% during the 1st quarter. WealthTrust Fairport LLC now owns 2,092 shares of the exchange traded fund’s stock worth $277,000 after acquiring an additional 6 shares during the period. Maple Capital Management Inc. lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 0.5% during the 2nd quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock worth $306,000 after acquiring an additional 10 shares during the period. United Asset Strategies Inc. lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 0.3% during the 2nd quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock worth $725,000 after acquiring an additional 15 shares during the period. Benchmark Capital Advisors lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 0.8% during the 2nd quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock worth $264,000 after acquiring an additional 15 shares during the period. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of PowerShares QQQ Trust, Series 1 by 2.2% during the 2nd 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. 50.86% of the stock is owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 145.87 on Tuesday. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $146.59. The stock’s 50 day moving average is $143.63 and its 200-day moving average is $138.12.

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

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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.

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

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