Chicago Partners Investment Group LLC Reduces Holdings in PowerShares QQQ Trust, Series 1 (QQQ)

Chicago Partners Investment Group LLC reduced its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 42.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,256 shares of the exchange traded fund’s stock after selling 6,015 shares during the period. Chicago Partners Investment Group LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,201,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QQQ. UBS Asset Management Americas Inc. increased its position 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 last quarter. Tradewinds Capital Management LLC increased its position in PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 20 shares during the last quarter. Atlantic Trust LLC increased its position 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 last quarter. Bristlecone Advisors LLC acquired a new position in PowerShares QQQ Trust, Series 1 in the 3rd quarter worth about $165,000. Finally, FTB Advisors Inc. increased its position in PowerShares QQQ Trust, Series 1 by 74.0% in the 3rd quarter. FTB Advisors Inc. now owns 1,223 shares of the exchange traded fund’s stock worth $178,000 after purchasing an additional 520 shares during the last quarter. 39.41% of the stock is currently owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $157.65 on Friday. PowerShares QQQ Trust, Series 1 has a 52-week low of $118.14 and a 52-week high of $157.82.

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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.

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

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