Impala Asset Management LLC bought a new position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the third quarter, according to its most recent filing with the SEC. The firm bought 37,400 shares of the exchange traded fund’s stock, valued at approximately $5,440,000.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Mizuho Bank Ltd. bought a new position in shares of PowerShares QQQ Trust, Series 1 in the 3rd quarter worth $145,450,000. Bank of Tokyo Mitsubishi UFJ Ltd. bought a new position in PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at $99,101,000. ING Groep NV lifted its stake in PowerShares QQQ Trust, Series 1 by 1,328.0% during the 3rd quarter. ING Groep NV now owns 516,407 shares of the exchange traded fund’s stock valued at $75,111,000 after acquiring an additional 480,243 shares in the last quarter. 3EDGE Asset Management LP bought a new position in PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at $64,616,000. Finally, Sun Life Financial INC lifted its stake in PowerShares QQQ Trust, Series 1 by 641.0% during the 2nd quarter. Sun Life Financial INC now owns 308,800 shares of the exchange traded fund’s stock valued at $42,503,000 after acquiring an additional 267,127 shares in the last quarter. Institutional investors own 42.22% of the company’s stock.

PowerShares QQQ Trust, Series 1 (QQQ) opened at $152.71 on Tuesday. PowerShares QQQ Trust, Series 1 has a 52 week low of $115.77 and a 52 week high of $156.69.

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PowerShares QQQ Trust, Series 1 Profile

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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