PowerShares QQQ Trust, Series 1 (QQQ) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. raised its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,976 shares of the company’s stock after buying an additional 6,685 shares during the period. D.A. Davidson & CO.’s holdings in PowerShares QQQ Trust, Series 1 were worth $9,138,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sheets Smith Wealth Management increased its stake in PowerShares QQQ Trust, Series 1 by 6.5% in the third quarter. Sheets Smith Wealth Management now owns 23,677 shares of the company’s stock valued at $2,811,000 after buying an additional 1,450 shares during the period. Colony Group LLC increased its stake in PowerShares QQQ Trust, Series 1 by 54.8% in the third quarter. Colony Group LLC now owns 5,313 shares of the company’s stock valued at $631,000 after buying an additional 1,880 shares during the period. Garde Capital Inc. increased its stake in PowerShares QQQ Trust, Series 1 by 15.0% in the third quarter. Garde Capital Inc. now owns 10,933 shares of the company’s stock valued at $1,113,000 after buying an additional 1,426 shares during the period. Tuttle Tactical Management LLC increased its stake in PowerShares QQQ Trust, Series 1 by 78.0% in the third quarter. Tuttle Tactical Management LLC now owns 49,074 shares of the company’s stock valued at $5,818,000 after buying an additional 21,510 shares during the period. Finally, Maryland Capital Management increased its stake in PowerShares QQQ Trust, Series 1 by 5.5% in the third quarter. Maryland Capital Management now owns 3,812 shares of the company’s stock valued at $452,000 after buying an additional 200 shares during the period. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 128.10 on Tuesday. The stock has a 50 day moving average of $123.59 and a 200-day moving average of $118.96. PowerShares QQQ Trust, Series 1 has a one year low of $96.73 and a one year high of $128.26.

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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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