Coldstream Capital Management Inc. increased its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 31.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,242 shares of the exchange traded fund’s stock after acquiring an additional 3,605 shares during the period. Coldstream Capital Management Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,217,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Neuberger Berman Group LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 3.2% in the third quarter. Neuberger Berman Group LLC now owns 99,710 shares of the exchange traded fund’s stock worth $14,503,000 after buying an additional 3,135 shares during the last quarter. Griffin Asset Management Inc. purchased a new position in PowerShares QQQ Trust, Series 1 in the third quarter worth about $5,709,000. Janney Montgomery Scott LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 3.8% in the third quarter. Janney Montgomery Scott LLC now owns 516,649 shares of the exchange traded fund’s stock worth $75,147,000 after buying an additional 18,791 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in PowerShares QQQ Trust, Series 1 by 17.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 782,673 shares of the exchange traded fund’s stock worth $113,840,000 after buying an additional 113,575 shares during the last quarter. Finally, AlphaStar Capital Management LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 1,110.3% in the third quarter. AlphaStar Capital Management LLC now owns 3,534 shares of the exchange traded fund’s stock worth $514,000 after buying an additional 3,242 shares during the last quarter. 39.41% of the stock is currently owned by institutional investors and hedge funds.

PowerShares QQQ Trust, Series 1 (QQQ) opened at $155.90 on Tuesday. PowerShares QQQ Trust, Series 1 has a twelve month low of $118.14 and a twelve month high of $156.69.

TRADEMARK VIOLATION WARNING: This article was originally published by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.watchlistnews.com/coldstream-capital-management-inc-boosts-position-in-powershares-qqq-trust-series-1-qqq/1758782.html.

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)

Receive News & Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related companies with MarketBeat.com's FREE daily email newsletter.