PowerShares QQQ Trust, Series 1 (QQQ) Position Raised by Pictet & Cie Europe SA

Pictet & Cie Europe SA raised its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 241,447 shares of the exchange traded fund’s stock after purchasing an additional 13,690 shares during the period. PowerShares QQQ Trust, Series 1 comprises 4.7% of Pictet & Cie Europe SA’s holdings, making the stock its 3rd largest position. Pictet & Cie Europe SA’s holdings in PowerShares QQQ Trust, Series 1 were worth $33,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Shine Investment Advisory Services Inc. acquired a new stake in PowerShares QQQ Trust, Series 1 in the first quarter valued at approximately $419,000. Brookstone Capital Management acquired a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter worth approximately $9,230,000. Arete Wealth Advisors LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 116.1% in the first quarter. Arete Wealth Advisors LLC now owns 10,507 shares of the exchange traded fund’s stock worth $1,391,000 after acquiring an additional 5,645 shares during the last quarter. Paragon Wealth Strategies LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 1.8% in the first quarter. Paragon Wealth Strategies LLC now owns 96,416 shares of the exchange traded fund’s stock worth $12,764,000 after acquiring an additional 1,734 shares during the last quarter. Finally, Weatherly Asset Management L. P. boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 10.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,698 shares of the exchange traded fund’s stock worth $622,000 after acquiring an additional 441 shares during the last quarter. 50.86% of the stock is currently owned by institutional investors.

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

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Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.34% during mid-day trading on Friday, hitting $146.06. The stock had a trading volume of 46,422,402 shares. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $146.59. The stock has a 50 day moving average price of $143.87 and a 200-day moving average price of $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.

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

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