Silicon Valley Capital Partners Boosts Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Silicon Valley Capital Partners raised its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 90,608 shares of the exchange traded fund’s stock after purchasing an additional 10,056 shares during the quarter. PowerShares QQQ Trust, Series 1 accounts for about 9.1% of Silicon Valley Capital Partners’ investment portfolio, making the stock its 3rd biggest position. Silicon Valley Capital Partners’ holdings in PowerShares QQQ Trust, Series 1 were worth $13,179,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Mizuho Bank Ltd. acquired a new stake in PowerShares QQQ Trust, Series 1 in the third quarter worth $145,450,000. Bank of Tokyo Mitsubishi UFJ Ltd. acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth about $99,101,000. ING Groep NV lifted its stake in shares of 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 worth $75,111,000 after buying an additional 480,243 shares during the last quarter. 3EDGE Asset Management LP acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth about $64,616,000. Finally, Sun Life Financial INC lifted its stake in shares of 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 worth $42,503,000 after buying an additional 267,127 shares during the last quarter. Institutional investors own 42.22% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $152.81 on Wednesday. PowerShares QQQ Trust, Series 1 has a 12 month low of $116.29 and a 12 month high of $156.69.

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

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