HL Financial Services LLC increased its position in PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 23,125 shares of the company’s stock after buying an additional 56 shares during the period. HL Financial Services LLC’s holdings in PowerShares QQQ Trust Series 1 were worth $2,487,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Berson & Corrado Investment Advisors LLC bought a new position in PowerShares QQQ Trust Series 1 during the second quarter worth about $124,000. Cribstone Capital Management LLC bought a new position in PowerShares QQQ Trust Series 1 during the second quarter worth about $133,000. Kelman Lazarov Inc. boosted its position in PowerShares QQQ Trust Series 1 by 17.3% in the second quarter. Kelman Lazarov Inc. now owns 1,323 shares of the company’s stock worth $143,000 after buying an additional 195 shares during the period. Charles Schwab Investment Advisory Inc. bought a new position in PowerShares QQQ Trust Series 1 during the first quarter worth about $203,000. Finally, Courage Miller Partners LLC bought a new position in PowerShares QQQ Trust Series 1 during the first quarter worth about $209,000. 30.34% of the stock is currently owned by institutional investors.

Shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) traded up 0.98% during trading on Wednesday, reaching $118.15. 31,546,776 shares of the company traded hands. The firm’s 50 day moving average is $116.84 and its 200-day moving average is $110.78. PowerShares QQQ Trust Series 1 has a 12-month low of $94.84 and a 12-month high of $118.32.

Separately, Vetr reissued a “hold” rating on shares of PowerShares QQQ Trust Series 1 in a research report on Wednesday, September 14th.

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.

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