Chevy Chase Trust Holdings Inc. lowered its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,648 shares of the exchange traded fund’s stock after selling 700 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in shares of PowerShares QQQ Trust, Series 1 by 48.5% during the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 291 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after acquiring an additional 20 shares in the last quarter. Bristlecone Advisors LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 during the third quarter valued at approximately $165,000. FTB Advisors Inc. raised its stake in shares of PowerShares QQQ Trust, Series 1 by 74.0% during the third quarter. FTB Advisors Inc. now owns 1,223 shares of the exchange traded fund’s stock valued at $178,000 after acquiring an additional 520 shares in the last quarter. Finally, Klingman & Associates LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 during the third quarter valued at approximately $202,000. 39.41% of the stock is owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at $157.65 on Monday. PowerShares QQQ Trust, Series 1 has a 12 month low of $118.14 and a 12 month high of $157.82.

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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.

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

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