First Command Bank Takes Position in PowerShares QQQ Trust, Series 1 (QQQ)

First Command Bank acquired a new position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,351 shares of the company’s stock, valued at approximately $160,000.

Other institutional investors have also bought and sold shares of the company. Stadion Money Management LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 2,336.3% in the third quarter. Stadion Money Management LLC now owns 3,613,621 shares of the company’s stock valued at $429,009,000 after buying an additional 3,465,295 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the third quarter valued at about $160,785,000. Mizuho Securities USA Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 830.0% in the third quarter. Mizuho Securities USA Inc. now owns 975,571 shares of the company’s stock valued at $115,826,000 after buying an additional 870,668 shares in the last quarter. RiverFront Investment Group LLC purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the third quarter valued at about $99,537,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the second quarter valued at about $77,429,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

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

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 128.53 on Wednesday. The company’s 50-day moving average price is $123.73 and its 200 day moving average price is $119.06. PowerShares QQQ Trust, Series 1 has a 52 week low of $99.77 and a 52 week high of $128.54.

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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.

5 Day Chart for NASDAQ:QQQ

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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