PowerShares QQQ Trust, Series 1 (QQQ) Sets New 52-Week High and Low at $177.70

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) hit a new 52-week high and low during trading on Thursday . The company traded as low as $177.70 and last traded at $177.48, with a volume of 2794112 shares traded. The stock had previously closed at $175.76.

Several hedge funds and other institutional investors have recently modified their holdings of QQQ. Comerica Bank grew its stake in shares of PowerShares QQQ Trust, Series 1 by 4.6% during the 4th quarter. Comerica Bank now owns 19,656 shares of the exchange traded fund’s stock worth $3,311,000 after purchasing an additional 857 shares during the period. NuWave Investment Management LLC acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 4th quarter worth approximately $235,000. Associated Banc Corp acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 4th quarter worth approximately $212,000. Mutual of Omaha Bank Wealth Management acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 4th quarter worth approximately $4,944,000. Finally, Keybank National Association OH grew its stake in shares of PowerShares QQQ Trust, Series 1 by 0.4% during the 4th quarter. Keybank National Association OH now owns 166,837 shares of the exchange traded fund’s stock worth $25,987,000 after purchasing an additional 689 shares during the period. 41.02% of the stock is currently owned by institutional investors and hedge funds.

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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