Evercore Wealth Management LLC Reduces Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Evercore Wealth Management LLC lowered its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 16.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,234 shares of the exchange traded fund’s stock after selling 995 shares during the quarter. Evercore Wealth Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $761,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mizuho Bank Ltd. acquired a new position in shares of PowerShares QQQ Trust, Series 1 in the third quarter valued at approximately $145,450,000. Bank of Tokyo Mitsubishi UFJ Ltd. acquired a new position in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at approximately $99,101,000. ING Groep NV increased its stake in shares of PowerShares QQQ Trust, Series 1 by 1,328.0% in the third quarter. ING Groep NV now owns 516,407 shares of the exchange traded fund’s stock valued at $75,111,000 after buying an additional 480,243 shares during the period. 3EDGE Asset Management LP acquired a new position in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at approximately $64,616,000. Finally, Sun Life Financial INC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 641.0% in the second quarter. Sun Life Financial INC now owns 308,800 shares of the exchange traded fund’s stock valued at $42,503,000 after buying an additional 267,127 shares during the period. 42.22% of the stock is owned by hedge funds and other institutional investors.

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.

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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