Pittenger & Anderson Inc. boosted its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,734 shares of the exchange traded fund’s stock after acquiring an additional 606 shares during the period. PowerShares QQQ Trust, Series 1 accounts for 2.4% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its 2nd largest holding. Pittenger & Anderson Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $24,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in QQQ. First Financial Corp IN boosted its holdings in 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 valued at $111,000 after acquiring an additional 530 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in PowerShares QQQ Trust, Series 1 in the first quarter valued at approximately $125,000. Tradewinds Capital Management LLC boosted its holdings in 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 valued at $127,000 after acquiring an additional 20 shares during the last quarter. Botty Investors LLC bought a new stake in PowerShares QQQ Trust, Series 1 in the first quarter valued at approximately $132,000. Finally, Exane Derivatives bought a new stake in PowerShares QQQ Trust, Series 1 in the second quarter valued at approximately $153,000. Institutional investors and hedge funds own 50.86% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 146.22 on Wednesday. The company has a 50-day moving average price of $143.70 and a 200 day moving average price of $138.18. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $146.59.

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Separately, Vetr upgraded PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 target price on the stock in a 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.

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

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