Traders Sell PowerShares QQQ Trust, Series 1 (QQQ) on Strength (QQQ)

Traders sold shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) on strength during trading on Friday. $344.19 million flowed into the stock on the tick-up and $412.32 million flowed out of the stock on the tick-down, for a money net flow of $68.13 million out of the stock. Of all companies tracked, PowerShares QQQ Trust, Series 1 had the 13th highest net out-flow for the day. PowerShares QQQ Trust, Series 1 traded up $0.68 for the day and closed at $154.70

Large investors have recently added to or reduced their stakes in the business. Buckingham Asset Management LLC increased its position in shares of PowerShares QQQ Trust, Series 1 by 21.1% during the 2nd quarter. Buckingham Asset Management LLC now owns 10,528 shares of the exchange traded fund’s stock valued at $1,449,000 after purchasing an additional 1,835 shares during the last quarter. Beaton Management Co. Inc. bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at approximately $745,000. First Commonwealth Financial Corp PA bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at approximately $487,000. SignalPoint Asset Management LLC bought a new position in shares of PowerShares QQQ Trust, Series 1 during the 3rd quarter valued at approximately $269,000. Finally, NTV Asset Management LLC increased its position in shares of PowerShares QQQ Trust, Series 1 by 1.0% during the 2nd quarter. NTV Asset Management LLC now owns 70,406 shares of the exchange traded fund’s stock valued at $9,690,000 after purchasing an additional 685 shares during the last quarter. 42.22% of the stock is currently owned by institutional investors and hedge funds.

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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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