Nwam LLC Sells 2,749 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Nwam LLC decreased its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,607 shares of the exchange traded fund’s stock after selling 2,749 shares during the period. PowerShares QQQ Trust, Series 1 accounts for about 1.8% of Nwam LLC’s holdings, making the stock its 9th largest holding. Nwam LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $7,104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. raised its position in PowerShares QQQ Trust, Series 1 by 108.6% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 774 shares of the exchange traded fund’s stock valued at $121,000 after purchasing an additional 403 shares during the last quarter. UBS Asset Management Americas Inc. raised 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 acquiring an additional 291 shares in the last quarter. Glassman Wealth Services raised its position in shares of PowerShares QQQ Trust, Series 1 by 177.9% in the 4th quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock worth $126,000 after acquiring an additional 516 shares in the last quarter. Atlantic Trust LLC raised its position in shares of 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 acquiring an additional 363 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of PowerShares QQQ Trust, Series 1 in the 4th quarter worth approximately $139,000. 37.84% of the stock is owned by institutional investors and hedge funds.

PowerShares QQQ Trust, Series 1 (QQQ) opened at $158.87 on Tuesday. PowerShares QQQ Trust, Series 1 has a 52-week low of $127.72 and a 52-week high of $170.95.

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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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