PowerShares QQQ Trust, Series 1 (QQQ) Holdings Reduced by Atlantic Trust Group LLC

Atlantic Trust Group LLC lowered its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 26.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,612 shares of the exchange traded fund’s stock after selling 18,640 shares during the quarter. Atlantic Trust Group LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $7,104,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of QQQ. First Financial Corp IN lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 189.3% during the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after acquiring an additional 530 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at $125,000. Tradewinds Capital Management LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after acquiring an additional 20 shares during the period. Botty Investors LLC acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the first quarter valued at $132,000. Finally, Exane Derivatives acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the second quarter valued at $153,000. 50.86% of the stock is currently owned by institutional investors.

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

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PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 144.21 on Monday. The stock’s 50 day moving average price is $143.65 and its 200 day moving average price is $137.96. PowerShares QQQ Trust, Series 1 has a 52 week low of $113.45 and a 52 week high of $146.59.

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.

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).

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

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