Investors sold shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) on strength during trading hours on Tuesday. $792.74 million flowed into the stock on the tick-up and $840.13 million flowed out of the stock on the tick-down, for a money net flow of $47.39 million out of the stock. Of all equities tracked, PowerShares QQQ Trust, Series 1 had the 20th highest net out-flow for the day. PowerShares QQQ Trust, Series 1 traded up $0.82 for the day and closed at $159.69

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. boosted its stake in PowerShares QQQ Trust, Series 1 by 108.6% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 774 shares of the exchange traded fund’s stock worth $121,000 after purchasing an additional 403 shares during the period. UBS Asset Management Americas Inc. boosted its stake in PowerShares QQQ Trust, Series 1 by 48.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 291 shares during the period. Glassman Wealth Services boosted its stake in PowerShares QQQ Trust, Series 1 by 177.9% in the 4th quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock worth $126,000 after purchasing an additional 516 shares during the period. Atlantic Trust LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 65.2% in the 3rd quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock worth $134,000 after purchasing an additional 363 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new stake in PowerShares QQQ Trust, Series 1 during the 4th quarter worth about $139,000. 37.84% of the stock is owned by hedge funds and other institutional investors.

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About PowerShares QQQ Trust, Series 1

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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