PowerShares QQQ Trust, Series 1 (QQQ) Holdings Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 12.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,594,763 shares of the exchange traded fund’s stock after purchasing an additional 180,843 shares during the quarter. Ameriprise Financial Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $219,641,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. WealthTrust Fairport LLC boosted 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 buying an additional 6 shares in the last quarter. Maple Capital Management Inc. boosted 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 buying an additional 10 shares in the last quarter. United Asset Strategies Inc. boosted 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 buying an additional 15 shares in the last quarter. Benchmark Capital Advisors boosted 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 buying an additional 15 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted 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 buying an additional 20 shares in the last quarter. 50.86% of the stock is owned by institutional investors and hedge funds.

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

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PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 146.06 on Friday. PowerShares QQQ Trust, Series 1 has a 12-month low of $113.45 and a 12-month 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.

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.

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

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