PowerShares QQQ Trust, Series 1 (QQQ) is Leonetti & Associates LLC’s Largest Position

Leonetti & Associates LLC raised its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 454,382 shares of the exchange traded fund’s stock after purchasing an additional 8,881 shares during the quarter. PowerShares QQQ Trust, Series 1 accounts for about 17.7% of Leonetti & Associates LLC’s holdings, making the stock its biggest holding. Leonetti & Associates LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $62,541,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. WealthTrust Fairport LLC raised its position in PowerShares QQQ Trust, Series 1 by 0.3% in the first quarter. WealthTrust Fairport LLC now owns 2,092 shares of the exchange traded fund’s stock valued at $277,000 after purchasing an additional 6 shares during the last quarter. Maple Capital Management Inc. raised its position in PowerShares QQQ Trust, Series 1 by 0.5% in the second quarter. Maple Capital Management Inc. now owns 2,226 shares of the exchange traded fund’s stock valued at $306,000 after purchasing an additional 10 shares during the last quarter. United Asset Strategies Inc. raised its position in PowerShares QQQ Trust, Series 1 by 0.3% in the second quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock valued at $725,000 after purchasing an additional 15 shares during the last quarter. Benchmark Capital Advisors raised its position in PowerShares QQQ Trust, Series 1 by 0.8% in the second quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 15 shares during the last quarter. Finally, 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 last quarter. Hedge funds and other institutional investors own 50.86% of the company’s stock.

Separately, Vetr upgraded PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 target price for the company in a research report on Tuesday, May 23rd.

PowerShares QQQ Trust, Series 1 (QQQ) opened at 144.21 on Monday. PowerShares QQQ Trust, Series 1 has a 12 month low of $113.45 and a 12 month high of $146.59. The stock’s 50 day moving average price is $143.65 and its 200-day moving average price is $137.96.

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

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