Vetr reissued their hold rating on shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) in a research note published on Wednesday.

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) opened at 117.29 on Wednesday. PowerShares QQQ Trust Series 1 has a one year low of $94.84 and a one year high of $118.12. The company has a 50-day moving average of $116.46 and a 200-day moving average of $110.30.

Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors bought a new stake in shares of PowerShares QQQ Trust Series 1 during the second quarter valued at $108,000. Westbourne Investment Advisors Inc. bought a new stake in shares of PowerShares QQQ Trust Series 1 during the second quarter valued at $108,000. Berson & Corrado Investment Advisors LLC bought a new stake in shares of PowerShares QQQ Trust Series 1 during the second quarter valued at $124,000. WESPAC Advisors SoCal LLC boosted its stake in shares of PowerShares QQQ Trust Series 1 by 10.0% in the second quarter. WESPAC Advisors SoCal LLC now owns 1,210 shares of the company’s stock valued at $130,000 after buying an additional 110 shares in the last quarter. Finally, Cribstone Capital Management LLC bought a new stake in shares of PowerShares QQQ Trust Series 1 during the second quarter valued at $133,000. Institutional investors and hedge funds own 30.42% of the company’s stock.

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

To view Vetr’s full report, visit Vetr’s official website.

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