Mcmillion Capital Management Inc. Has $4.40 Million Stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

Mcmillion Capital Management Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,937 shares of the exchange traded fund’s stock after buying an additional 152 shares during the period. PowerShares QQQ Trust, Series 1 makes up about 2.9% of Mcmillion Capital Management Inc.’s portfolio, making the stock its 8th biggest holding. Mcmillion Capital Management Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $4,396,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 17.6% in the 1st quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock valued at $1,660,443,000 after purchasing an additional 1,874,344 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 3.9% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock valued at $484,337,000 after purchasing an additional 130,587 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 5.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,413,920 shares of the exchange traded fund’s stock valued at $186,652,000 after purchasing an additional 69,876 shares during the last quarter. US Bancorp DE lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 11.7% in the 2nd quarter. US Bancorp DE now owns 1,242,292 shares of the exchange traded fund’s stock valued at $170,990,000 after purchasing an additional 130,266 shares during the last quarter. Finally, Quantitative Investment Management LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 148.0% in the 1st quarter. Quantitative Investment Management LLC now owns 1,173,500 shares of the exchange traded fund’s stock valued at $155,347,000 after purchasing an additional 700,400 shares during the last quarter. 50.86% of the stock is owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up 0.47% during midday trading on Friday, hitting $146.24. The stock had a trading volume of 20,133,403 shares. The firm’s 50 day moving average price is $143.81 and its 200 day moving average price is $138.40. PowerShares QQQ Trust, Series 1 has a 52-week low of $113.45 and a 52-week high of $146.59.

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

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.

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

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