Oppenheimer Asset Management Inc. Sells 6 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Oppenheimer Asset Management Inc. cut its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,729 shares of the exchange traded fund’s stock after selling 6 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $789,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Morgan Stanley grew its holdings in 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 worth $1,660,443,000 after buying an additional 1,874,344 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its holdings in 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 worth $484,337,000 after buying an additional 130,587 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in 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 worth $186,652,000 after buying an additional 69,876 shares in the last quarter. US Bancorp DE grew its holdings in 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 worth $170,990,000 after buying an additional 130,266 shares in the last quarter. Finally, Quantitative Investment Management LLC grew its holdings in 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 worth $155,347,000 after buying an additional 700,400 shares in the last quarter. 50.86% of the stock is owned by institutional investors.

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 report on Tuesday, May 23rd.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 146.22 on Wednesday. The company has a 50-day moving average price of $143.70 and a 200-day moving average price of $138.18. PowerShares QQQ Trust, Series 1 has a one year low of $113.45 and a one year high of $146.59.

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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.

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).

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

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