Private Advisor Group LLC lessened its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 46.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 219,290 shares of the exchange traded fund’s stock after selling 190,860 shares during the period. PowerShares QQQ Trust, Series 1 makes up about 1.5% of Private Advisor Group LLC’s investment portfolio, making the stock its 5th largest position. Private Advisor Group LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $35,343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. UBS Asset Management Americas Inc. increased its position in PowerShares QQQ Trust, Series 1 by 48.5% during the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 291 shares during the last quarter. Oxbow Advisors LLC increased its position in PowerShares QQQ Trust, Series 1 by 4.3% during the fourth quarter. Oxbow Advisors LLC now owns 8,040 shares of the exchange traded fund’s stock valued at $1,252,000 after acquiring an additional 330 shares during the last quarter. D Orazio & Associates Inc. increased its position in PowerShares QQQ Trust, Series 1 by 15.3% during the fourth quarter. D Orazio & Associates Inc. now owns 2,492 shares of the exchange traded fund’s stock valued at $388,000 after acquiring an additional 330 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its position in PowerShares QQQ Trust, Series 1 by 16.8% during the third quarter. Summit Financial Wealth Advisors LLC now owns 2,330 shares of the exchange traded fund’s stock valued at $339,000 after acquiring an additional 335 shares during the last quarter. Finally, McQueen Ball & Associates Inc. increased its position in PowerShares QQQ Trust, Series 1 by 18.3% during the fourth quarter. McQueen Ball & Associates Inc. now owns 2,168 shares of the exchange traded fund’s stock valued at $338,000 after acquiring an additional 336 shares during the last quarter. Institutional investors and hedge funds own 37.84% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $156.10 on Monday. PowerShares QQQ Trust, Series 1 has a 1 year low of $127.02 and a 1 year high of $170.95.

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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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