Dallas, Texas 07/31/2013 (Financialstrend) – Shares of the exchange traded fund of PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) had been presenting upward trend in prices for the past 52 weeks with minimal corrections. While exchange traded funds had always been the choice of investors to include high level of diversification in their portfolio and to provide for tracking the broader market indices, this surging prices of the ETF of QQQ had proven to highly encourage the investors to flock to this ETF.
This exchange traded fund managed by PowerShares QQQ Trust had been designed to track the yield and performance of the companies included in the NASDAQ 100 Index, which includes the stocks with largest market capitalization in the exchange. This index had for long proved to be a choice of those investors who look out for higher level of returns from the leading companies in the market and this ETF had also proved to present significant returns to the investors.
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) had closed for the day on Tuesday with $75.63 per share with a bullish behavior of 0.53% over the previous day’s closing price. The intraday movements of the stock were between a low value of $75.35 to a high value of $75.95 per share. The yearly stock price variations are between the lower value of $61.31 to a higher value of $75.95 per share. The shares held by the investors and the company insider’s account to 472.75 million with an institutional ownership of 29%. The total stock value of the company in the stock market is $35.75 billion. The trading trend of the company for its latest trading day was 23.86 million shares compared to the average trading volume over the month of 29.72 million shares.