WealthPLAN Partners LLC increased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,239 shares of the exchange traded fund’s stock after acquiring an additional 404 shares during the period. WealthPLAN Partners LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $3,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bray Capital Advisors acquired a new stake in shares of PowerShares QQQ Trust, Series 1 in the 1st quarter valued at approximately $107,000. Fieldpoint Private Securities LLC increased its position in PowerShares QQQ Trust, Series 1 by 125.0% during the first quarter. Fieldpoint Private Securities LLC now owns 900 shares of the exchange traded fund’s stock worth $144,000 after buying an additional 500 shares in the last quarter. Motco purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at $144,000. Well Done LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at $147,000. Finally, Macroview Investment Management LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the first quarter valued at $157,000. 41.02% of the stock is currently owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 stock traded up $1.40 during midday trading on Thursday, reaching $177.22. The stock had a trading volume of 951,726 shares, compared to its average volume of 43,442,738. PowerShares QQQ Trust, Series 1 has a twelve month low of $135.80 and a twelve month high of $177.14.

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.

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

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