King Luther Capital Management Corp grew its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 59.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,817 shares of the exchange traded fund’s stock after purchasing an additional 1,425 shares during the quarter. King Luther Capital Management Corp’s holdings in PowerShares QQQ Trust, Series 1 were worth $555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. American Economic Planning Group Inc. ADV acquired a new stake in shares of PowerShares QQQ Trust, Series 1 in the 2nd quarter valued at approximately $262,000. SPC Financial Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 7.4% in the 2nd quarter. SPC Financial Inc. now owns 50,408 shares of the exchange traded fund’s stock valued at $6,938,000 after acquiring an additional 3,457 shares during the period. Carroll Financial Associates Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 4.1% in the 2nd quarter. Carroll Financial Associates Inc. now owns 5,476 shares of the exchange traded fund’s stock valued at $753,000 after acquiring an additional 214 shares during the period. Moloney Securities Asset Management LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 2.1% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 14,375 shares of the exchange traded fund’s stock valued at $1,979,000 after acquiring an additional 290 shares during the period. Finally, Personal Capital Advisors Corp raised its position in shares of PowerShares QQQ Trust, Series 1 by 56.1% in the 2nd quarter. Personal Capital Advisors Corp now owns 4,340 shares of the exchange traded fund’s stock valued at $597,000 after acquiring an additional 1,560 shares during the period. 42.22% of the stock is currently owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $154.70 on Friday. PowerShares QQQ Trust, Series 1 has a 52-week low of $118.14 and a 52-week high of $156.69.

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About PowerShares QQQ Trust, Series 1

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.

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

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