Private Wealth Advisors Inc. Boosts Holdings in PowerShares QQQ Trust, Series 1 (QQQ)

Private Wealth Advisors Inc. boosted its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,967 shares of the exchange traded fund’s stock after buying an additional 116 shares during the period. PowerShares QQQ Trust, Series 1 accounts for about 2.5% of Private Wealth Advisors Inc.’s investment portfolio, making the stock its 6th biggest holding. Private Wealth Advisors Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $5,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Forward Management LLC lifted its holdings in PowerShares QQQ Trust, Series 1 by 199.9% during the first quarter. Forward Management LLC now owns 363,388 shares of the exchange traded fund’s stock worth $48,105,000 after buying an additional 242,208 shares during the period. Main Street Research LLC purchased a new stake in PowerShares QQQ Trust, Series 1 during the first quarter worth $202,000. Wexford Capital LP lifted its holdings in PowerShares QQQ Trust, Series 1 by 33.9% during the first quarter. Wexford Capital LP now owns 183,383 shares of the exchange traded fund’s stock worth $24,276,000 after buying an additional 46,395 shares during the period. FMR LLC lifted its holdings in PowerShares QQQ Trust, Series 1 by 6.0% during the first quarter. FMR LLC now owns 127,018 shares of the exchange traded fund’s stock worth $16,815,000 after buying an additional 7,197 shares during the period. Finally, Buckingham Asset Management LLC lifted its holdings in PowerShares QQQ Trust, Series 1 by 21.1% during the second quarter. Buckingham Asset Management LLC now owns 10,528 shares of the exchange traded fund’s stock worth $1,449,000 after buying an additional 1,835 shares during the period. Institutional investors own 50.86% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 146.22 on Wednesday. The stock’s 50 day moving average price is $143.70 and its 200 day moving average price is $138.18. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $146.59.

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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 report on Tuesday, May 23rd.

PowerShares QQQ Trust, Series 1 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.

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

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