PowerShares QQQ Trust, Series 1 (QQQ) is WESPAC Advisors LLC’s Largest Position

WESPAC Advisors LLC boosted its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 58.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,590 shares of the exchange traded fund’s stock after acquiring an additional 11,262 shares during the period. PowerShares QQQ Trust, Series 1 comprises approximately 2.9% of WESPAC Advisors LLC’s portfolio, making the stock its largest position. WESPAC Advisors LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $4,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. First Financial Corp IN raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 189.3% in the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 530 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at about $125,000. Tradewinds Capital Management LLC raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after buying an additional 20 shares during the last quarter. Botty Investors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at about $132,000. Finally, Exane Derivatives purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at about $153,000. 50.86% of the stock is owned by hedge funds and other institutional investors.

Separately, Vetr raised shares of 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.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 145.87 on Tuesday. The stock has a 50 day moving average of $143.63 and a 200-day moving average of $138.12. 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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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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Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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