Almanack Investment Partners LLC. continued to hold its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,640 shares of the exchange traded fund’s stock at the end of the second quarter. Almanack Investment Partners LLC.’s holdings in PowerShares QQQ Trust, Series 1 were worth $227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Usca Ria LLC grew its position in PowerShares QQQ Trust, Series 1 by 29.5% in the first quarter. Usca Ria LLC now owns 14,848 shares of the exchange traded fund’s stock worth $1,966,000 after acquiring an additional 3,385 shares in the last quarter. Appleton Partners Inc. MA bought a new stake in PowerShares QQQ Trust, Series 1 in the first quarter worth $215,000. GFS Advisors LLC lifted its stake in PowerShares QQQ Trust, Series 1 by 6.6% in the first quarter. GFS Advisors LLC now owns 28,233 shares of the exchange traded fund’s stock worth $3,737,000 after purchasing an additional 1,750 shares during the last quarter. Sfmg LLC lifted its stake in PowerShares QQQ Trust, Series 1 by 1,123.1% in the first quarter. Sfmg LLC now owns 205,792 shares of the exchange traded fund’s stock worth $27,243,000 after purchasing an additional 188,967 shares during the last quarter. Finally, Blue Fin Capital Inc. lifted its stake in PowerShares QQQ Trust, Series 1 by 1.7% in the first quarter. Blue Fin Capital Inc. now owns 4,797 shares of the exchange traded fund’s stock worth $635,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 50.86% of the company’s stock.

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

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Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at 145.54 on Friday. PowerShares QQQ Trust, Series 1 has a 1-year low of $113.45 and a 1-year high of $146.59. The firm has a 50-day moving average of $143.81 and a 200 day moving average of $138.40.

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.

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

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