PowerShares QQQ Trust, Series 1 (QQQ) Holdings Cut by Girard Partners LTD.

Girard Partners LTD. trimmed its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,467 shares of the exchange traded fund’s stock after selling 382 shares during the period. Girard Partners LTD.’s holdings in PowerShares QQQ Trust, Series 1 were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Miracle Mile Advisors LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 2.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 216,940 shares of the exchange traded fund’s stock valued at $33,791,000 after buying an additional 5,930 shares during the period. Spectrum Management Group Inc. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 845.0% in the fourth quarter. Spectrum Management Group Inc. now owns 945 shares of the exchange traded fund’s stock valued at $147,000 after buying an additional 845 shares during the period. Silicon Valley Capital Partners lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 50.4% in the fourth quarter. Silicon Valley Capital Partners now owns 136,253 shares of the exchange traded fund’s stock valued at $21,223,000 after buying an additional 45,645 shares during the period. Carmichael Hill & Associates Inc. bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the fourth quarter valued at about $476,000. Finally, Glassman Wealth Services lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 177.9% in the fourth quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 516 shares during the period. Institutional investors own 37.84% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $156.10 on Monday. PowerShares QQQ Trust, Series 1 has a one year low of $127.02 and a one 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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