PowerShares QQQ Trust, Series 1 (QQQ) Position Lifted by Comerica Securities Inc.

Comerica Securities Inc. boosted its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,266 shares of the exchange traded fund’s stock after acquiring an additional 957 shares during the period. Comerica Securities Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $3,073,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. First Financial Corp IN raised its position 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 purchasing an additional 530 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in PowerShares QQQ Trust, Series 1 in the first quarter valued at approximately $125,000. Tradewinds Capital Management LLC raised its position 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 purchasing an additional 20 shares during the period. Botty Investors LLC purchased a new stake in PowerShares QQQ Trust, Series 1 in the first quarter valued at approximately $132,000. Finally, Exane Derivatives purchased a new stake in PowerShares QQQ Trust, Series 1 in the second quarter valued at approximately $153,000. Hedge funds and other institutional investors own 50.86% of the company’s stock.

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Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 146.06 on Friday. The firm has a 50-day moving average price of $143.87 and a 200-day moving average price of $138.52. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $146.59.

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 report on Tuesday, May 23rd.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

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