Edgestream Partners L.P. Buys 193,572 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Edgestream Partners L.P. raised its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 603.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 225,658 shares of the exchange traded fund’s stock after purchasing an additional 193,572 shares during the quarter. PowerShares QQQ Trust, Series 1 makes up about 11.7% of Edgestream Partners L.P.’s holdings, making the stock its biggest holding. Edgestream Partners L.P.’s holdings in PowerShares QQQ Trust, Series 1 were worth $31,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. First Financial Corp IN grew its position in shares of PowerShares QQQ Trust, Series 1 by 189.3% in the 2nd quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock worth $111,000 after buying an additional 530 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the 1st quarter worth about $125,000. Tradewinds Capital Management LLC grew its position in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after buying an additional 20 shares during the period. Botty Investors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the 1st quarter worth about $132,000. Finally, Exane Derivatives purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the 2nd quarter worth about $153,000. 50.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 146.22 on Wednesday. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $146.59. The stock has a 50 day moving average of $143.70 and a 200-day moving average of $138.18.

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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 on the stock in a research report on Tuesday, May 23rd.

About PowerShares QQQ Trust, Series 1

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.

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

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