Oakwood Capital Management LLC CA raised its stake in shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,359 shares of the company’s stock after buying an additional 4 shares during the period. Oakwood Capital Management LLC CA’s holdings in PowerShares QQQ Trust Series 1 were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QQQ. BNP Paribas Arbitrage SA raised its position in shares of 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 valued at $707,321,000 after buying an additional 118,500 shares in the last quarter. Forward Management LLC boosted its stake in PowerShares QQQ Trust Series 1 by 231.2% in the first quarter. Forward Management LLC now owns 1,340,945 shares of the company’s stock valued at $146,431,000 after buying an additional 936,049 shares during the last quarter. Broadmark Asset Management LLC boosted its stake in PowerShares QQQ Trust Series 1 by 143.7% in the first quarter. Broadmark Asset Management LLC now owns 1,302,940 shares of the company’s stock valued at $142,281,000 after buying an additional 768,317 shares during the last quarter. Svenska Handelsbanken AB publ boosted its stake in PowerShares QQQ Trust Series 1 by 2,743.4% in the second quarter. Svenska Handelsbanken AB publ now owns 925,795 shares of the company’s stock valued at $96,892,000 after buying an additional 893,235 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in PowerShares QQQ Trust Series 1 by 6.0% in the first quarter. First Republic Investment Management Inc. now owns 702,131 shares of the company’s stock valued at $76,672,000 after buying an additional 39,437 shares during the last quarter. Institutional investors and hedge funds own 30.34% of the company’s stock.

Shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) traded up 0.98% during midday trading on Wednesday, hitting $118.15. The stock had a trading volume of 31,546,776 shares. The company’s 50 day moving average is $116.84 and its 200 day moving average is $110.78. PowerShares QQQ Trust Series 1 has a 52 week low of $94.84 and a 52 week high of $118.32.

Separately, Vetr restated a “hold” rating on shares of PowerShares QQQ Trust Series 1 in a research note 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.

5 Day Chart for NASDAQ:QQQ

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