Global Financial Private Capital LLC raised its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 297,564 shares of the exchange traded fund’s stock after acquiring an additional 1,580 shares during the period. PowerShares QQQ Trust, Series 1 makes up 1.6% of Global Financial Private Capital LLC’s holdings, making the stock its 12th biggest holding. Global Financial Private Capital LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $46,349,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Schwab Charles Investment Management Inc. increased its position in shares of PowerShares QQQ Trust, Series 1 by 82.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,287 shares of the exchange traded fund’s stock worth $591,000 after purchasing an additional 1,937 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of 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 last quarter. FMR LLC increased its position in shares of PowerShares QQQ Trust, Series 1 by 4.3% in the 2nd quarter. FMR LLC now owns 132,530 shares of the exchange traded fund’s stock worth $18,241,000 after purchasing an additional 5,512 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the 2nd quarter worth about $15,718,000. Finally, Intl Fcstone Inc. bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the 2nd quarter worth about $1,329,000. 37.84% of the stock is owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $159.69 on Wednesday. PowerShares QQQ Trust, Series 1 has a 1 year low of $127.74 and a 1 year high of $170.95.

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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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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