Today, PowerShares QQQ Trust Series 1 (QQQ) Position Increased by Hudock Capital Group LLC

Today, PowerShares QQQ Trust Series 1 (QQQ) Position Increased by Hudock Capital Group LLC
Hudock Capital Group LLC raised its position in shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) by 316.5% during the third quarter, Holdings Channel reports. The institutional investor owned 25,389 shares of the company’s stock after buying an additional 19,293 shares during the period. PowerShares QQQ Trust Series 1 makes up approximately 1.7% of Hudock Capital Group LLC’s holdings, making the stock its 11th largest position. Hudock Capital Group LLC’s holdings in PowerShares QQQ Trust Series 1 were worth $3,014,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in QQQ. Shoker Investment Counsel Inc. boosted its stake in shares of PowerShares QQQ Trust Series 1 by 0.3% in the second quarter. Shoker Investment Counsel Inc. now owns 2,164 shares of the company’s stock valued at $232,000 after buying an additional 6 shares during the last quarter. Renaissance Investment Group LLC boosted its stake in shares of PowerShares QQQ Trust Series 1 by 0.4% in the third quarter. Renaissance Investment Group LLC now owns 1,973 shares of the company’s stock valued at $234,000 after buying an additional 7 shares during the last quarter. Assetmark Inc. boosted its stake in shares of PowerShares QQQ Trust Series 1 by 0.7% in the second quarter. Assetmark Inc. now owns 1,558 shares of the company’s stock valued at $168,000 after buying an additional 11 shares during the last quarter. Ledyard National Bank boosted its stake in shares of PowerShares QQQ Trust Series 1 by 0.4% in the second quarter. Ledyard National Bank now owns 3,946 shares of the company’s stock valued at $425,000 after buying an additional 15 shares during the last quarter. Finally, Boys Arnold & Co. Inc. boosted its stake in shares of PowerShares QQQ Trust Series 1 by 0.3% in the third quarter. Boys Arnold & Co. Inc. now owns 5,108 shares of the company’s stock valued at $606,000 after buying an additional 16 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) traded up 0.32% during midday trading on Friday, hitting $118.80. The stock had a trading volume of 7,155,139 shares. The company’s 50 day moving average price is $117.28 and its 200-day moving average price is $113.82. PowerShares QQQ Trust Series 1 has a 52-week low of $94.84 and a 52-week high of $119.66.

Separately, Vetr reissued a “hold” rating on shares of PowerShares QQQ Trust Series 1 in a research note on Wednesday, September 14th.

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).

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