Dallas, Texas 08/02/2013 (Financialstrend) – PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) is separated into two sub-indices by NASDAQ, it has NASDAQ 100 index securities, follows the component serving tech area sector, and the NASDAQ-100 Ex-Tech. tech area sector, and the NASDAQ-100 Ex-Tech is the trust which supports the Bank of New York Mellon the Trustee. This PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ) is traded in United States. In the name of Powershares QQQ Index trading stock,PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) is a unit investment trust deals with securities, this Powershares QQQ Index trading stock helps to shoe the way of the price and yield performance of the component shares.
The Federal Reserve looks forward to close its month bond of $85 billion a buying program by the middle of next year. To attract winning trades Investors use technical indicators. In United States QQQ trust trails three benchmarked stock indices. The PowerShares QQQ Trust, Series 1 ETF was designed to show the way of the broad based market index of NASDAQ 100 which covers the stocks with largest market capitalization in the exchange. The companies ETF proves to be of great value to the investors to map such large cap stocks in their portfolios directly through investment in such ETFs.
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) closed at $76.54 per share on Thursday to make a gain of 1.02% over the previous close. The stock moved between intraday low of $76.21 and $76.65 per share as intraday high during the day. There are 495 million shares outstanding with institutional holding of 28%. The 52 week low is at $61.31 per share and 52 week high is at $76.65 per share. With $37.94 billion market capitalization there were 16.88 million shares of trading in the company’s stock on Thursday and the average volume is at 29.45 million shares per day.