PowerShares QQQ Trust, Series 1 (QQQ) Stake Raised by Courier Capital LLC

Courier Capital LLC increased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,153 shares of the exchange traded fund’s stock after acquiring an additional 1,031 shares during the quarter. Courier Capital LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $3,049,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 17.6% during the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after acquiring an additional 1,874,344 shares during the period. CHURCHILL MANAGEMENT Corp raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 3.9% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock valued at $484,337,000 after acquiring an additional 130,587 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 12.8% during the second quarter. Ameriprise Financial Inc. now owns 1,594,763 shares of the exchange traded fund’s stock valued at $219,641,000 after acquiring an additional 180,843 shares during the period. US Bancorp DE raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 11.7% during the second quarter. US Bancorp DE now owns 1,242,292 shares of the exchange traded fund’s stock valued at $170,990,000 after acquiring an additional 130,266 shares during the period. Finally, Quantitative Investment Management LLC raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 148.0% during the first quarter. Quantitative Investment Management LLC now owns 1,173,500 shares of the exchange traded fund’s stock valued at $155,347,000 after acquiring an additional 700,400 shares during the period. Institutional investors and hedge funds own 50.86% of the company’s stock.

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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 company’s 50-day moving average is $143.87 and its 200-day moving average is $138.52.

Separately, Vetr upgraded shares of 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.

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.

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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