PowerShares QQQ Trust Series 1 (QQQ) : PowerShares QQQ Trust Series 1 (QQQ) had a healthy money flow of $3.35 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $67.57 million, whereas, investors only sold shares worth $64.22 million on downticks. The stock closed the day with an up-down ratio of 1.05.The money flow in the block trades to the tune of $10.1 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $12.43 million worth of transactions were on upticks. A paltry $2.33 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 5.34. PowerShares QQQ Trust Series 1 (QQQ) stock slid $0.16 intraday and traded at 118.34, a change of -0.14% over previous days close. However, for the week, the company shares are 0.01% compared to previous weeks close.
Shares of PowerShares QQQ ETF rose by 0.47% in the last five trading days and 1.76% for the last 4 weeks. PowerShares QQQ ETF is up 11.93% in the last 3-month period. Year-to-Date the stock performance stands at 6.98%.
PowerShares QQQ Trust Series 1 (NASDAQ:QQQ): The stock opened at $118.62 and touched an intraday high of $118.77 on Wednesday. During the day, the stock corrected to an intraday low of $118.09, however, the bulls stepped in and pushed the price higher to close in the green at $118.7 with a gain of 0.17% for the day. The total traded volume for the day was 14,787,078. The stock had closed at $118.5 in the previous trading session.
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trusts 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. Invesco PowerShares Capital Management, LLC is the Sponsor of the Trust and The Bank of New York Mellon is the Trustee.