Associated Banc Corp decreased its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,520 shares of the exchange traded fund’s stock after selling 96 shares during the period. Associated Banc Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $897,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Financial Corp IN raised its stake in PowerShares QQQ Trust, Series 1 by 189.3% during the 2nd 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 in the last quarter. Tradewinds Capital Management LLC raised its stake in 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 valued at $127,000 after acquiring an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the 1st quarter valued at $125,000. Botty Investors LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the 1st quarter valued at $132,000. Finally, Exane Derivatives bought a new stake in PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at $153,000. 50.86% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Associated Banc Corp Sells 96 Shares of PowerShares QQQ Trust, Series 1 (QQQ)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/16/associated-banc-corp-sells-96-shares-of-powershares-qqq-trust-series-1-qqq.html.

Separately, Vetr raised 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 research note on Tuesday, May 23rd.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at 146.06 on Friday. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $146.59. The firm’s 50-day moving average price is $143.87 and its 200 day moving average price is $138.52.

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)

Receive News & Stock Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related stocks with our FREE daily email newsletter.