Company Shares of PowerShares QQQ Trust Series 1 Drops by -2.25%

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) has tumbled 2.25% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.02% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.08%. PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) has underperformed the index by 0.89% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ): The stock opened at $107.53 on Friday but the bulls could not build on the opening and the stock topped out at $107.68 for the day. The stock traded down to $106.24 during the day, due to lack of any buying support eventually closed down at $106.49 with a loss of -1.43% for the day. The stock had closed at $108.04 on the previous day. The total traded volume was 29,208,832 shares.

Institutional Investors own 40.55% of PowerShares QQQ Trust Series 1 shares.

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.

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