Todays Report: Today: Girard Partners LTD. invests in 66 by buying PowerShares QQQ Trust Series 1 (QQQ) shares

Today: Girard Partners LTD. invests in 66 by buying PowerShares QQQ Trust Series 1 (QQQ) shares

Girard Partners LTD. increased its stake in shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) by 1.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,028 shares of the company’s stock after buying an additional 66 shares during the period. Girard Partners LTD.’s holdings in PowerShares QQQ Trust Series 1 were worth $597,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in QQQ. Northwestern Mutual Wealth Management Co. boosted its position in PowerShares QQQ Trust Series 1 by 3.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 898,921 shares of the company’s stock valued at $96,670,000 after buying an additional 30,433 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in PowerShares QQQ Trust Series 1 by 1.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,577,280 shares of the company’s stock worth $707,321,000 after buying an additional 118,500 shares during the last quarter. IFC Holdings Incorporated FL boosted its position in PowerShares QQQ Trust Series 1 by 16.5% in the second quarter. IFC Holdings Incorporated FL now owns 28,422 shares of the company’s stock worth $3,068,000 after buying an additional 4,016 shares during the last quarter. SOL Capital Management CO boosted its position in PowerShares QQQ Trust Series 1 by 5.3% in the second quarter. SOL Capital Management CO now owns 114,317 shares of the company’s stock worth $12,294,000 after buying an additional 5,752 shares during the last quarter. Finally, Destination Wealth Management boosted its position in PowerShares QQQ Trust Series 1 by 155.1% in the second quarter. Destination Wealth Management now owns 12,578 shares of the company’s stock worth $1,353,000 after buying an additional 7,648 shares during the last quarter. Institutional investors own 33.53% of the company’s stock.

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) traded up 0.17% during trading on Monday, hitting $119.00. The stock had a trading volume of 7,197,268 shares. PowerShares QQQ Trust Series 1 has a 52-week low of $94.84 and a 52-week high of $119.66. The company has a 50-day moving average of $117.24 and a 200 day moving average of $113.91.

Separately, Vetr reiterated a “hold” rating on shares of PowerShares QQQ Trust Series 1 in a report 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.

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