Todays Report: The North Star Investment Management Corp. Reached $147,000 position of PowerShares QQQ Trust Series 1 (QQQ)

The North Star Investment Management Corp. Reached $147,000 position  of PowerShares QQQ Trust Series 1 (QQQ)

North Star Investment Management Corp. continued to hold its stake in PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) during the third quarter, Holdings Channel reports. The fund owned 1,235 shares of the company’s stock at the end of the third quarter. North Star Investment Management Corp.’s holdings in PowerShares QQQ Trust Series 1 were worth $147,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QQQ. First United Bank Trust raised its stake in PowerShares QQQ Trust Series 1 by 2.9% in the third quarter. First United Bank Trust now owns 41,666 shares of the company’s stock valued at $4,947,000 after buying an additional 1,190 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in PowerShares QQQ Trust Series 1 by 9.7% in the third quarter. Carroll Financial Associates Inc. now owns 4,086 shares of the company’s stock valued at $485,000 after buying an additional 360 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of PowerShares QQQ Trust Series 1 by 60.7% in the third quarter. Raymond James Trust N.A. now owns 5,086 shares of the company’s stock worth $604,000 after buying an additional 1,921 shares during the period. Dynamic Advisors Solutions LLC increased its position in shares of PowerShares QQQ Trust Series 1 by 14.8% in the third quarter. Dynamic Advisors Solutions LLC now owns 7,311 shares of the company’s stock worth $868,000 after buying an additional 944 shares during the period. Finally, Bouchey Financial Group Ltd increased its position in shares of PowerShares QQQ Trust Series 1 by 7.3% in the third quarter. Bouchey Financial Group Ltd now owns 220,435 shares of the company’s stock worth $26,170,000 after buying an additional 15,092 shares during the period. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) traded up 0.32% during trading on Friday, hitting $118.80. 7,162,785 shares of the company were exchanged. The company has a 50 day moving average of $117.24 and a 200-day moving average of $113.91. PowerShares QQQ Trust Series 1 has a 1-year low of $94.84 and a 1-year high of $119.66.

Separately, Vetr reissued 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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