Private Advisor Group LLC boosted its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,102 shares of the exchange traded fund’s stock after buying an additional 12,637 shares during the quarter. PowerShares QQQ Trust, Series 1 makes up approximately 1.5% of Private Advisor Group LLC’s investment portfolio, making the stock its 6th largest position. Private Advisor Group LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $54,636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Brookstone Capital Management bought a new position in PowerShares QQQ Trust, Series 1 in the 1st quarter valued at approximately $9,230,000. Arete Wealth Advisors LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 116.1% in the 1st quarter. Arete Wealth Advisors LLC now owns 10,507 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 5,645 shares during the last quarter. Paragon Wealth Strategies LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 1.8% in the 1st quarter. Paragon Wealth Strategies LLC now owns 96,416 shares of the exchange traded fund’s stock valued at $12,764,000 after buying an additional 1,734 shares during the last quarter. Weatherly Asset Management L. P. raised its holdings in PowerShares QQQ Trust, Series 1 by 10.4% in the 1st quarter. Weatherly Asset Management L. P. now owns 4,698 shares of the exchange traded fund’s stock valued at $622,000 after buying an additional 441 shares during the last quarter. Finally, SPC Financial Inc. raised its holdings in PowerShares QQQ Trust, Series 1 by 2.2% in the 1st quarter. SPC Financial Inc. now owns 46,951 shares of the exchange traded fund’s stock valued at $6,215,000 after buying an additional 1,020 shares during the last quarter. Institutional investors and hedge funds own 50.86% of the company’s stock.

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

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

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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