Oppenheimer Asset Management Inc. cut its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 11.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,072 shares of the exchange traded fund’s stock after selling 657 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in PowerShares QQQ Trust, Series 1 by 0.3% in the third quarter. Ameriprise Financial Inc. now owns 1,599,211 shares of the exchange traded fund’s stock valued at $234,183,000 after acquiring an additional 4,448 shares during the period. Commonwealth Equity Services Inc lifted its holdings in PowerShares QQQ Trust, Series 1 by 2.4% in the third quarter. Commonwealth Equity Services Inc now owns 1,215,001 shares of the exchange traded fund’s stock valued at $176,721,000 after acquiring an additional 28,452 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in PowerShares QQQ Trust, Series 1 by 8.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,554 shares of the exchange traded fund’s stock valued at $161,115,000 after acquiring an additional 86,838 shares during the period. Mizuho Bank Ltd. acquired a new stake in PowerShares QQQ Trust, Series 1 in the third quarter valued at $145,450,000. Finally, First Republic Investment Management Inc. lifted its holdings in PowerShares QQQ Trust, Series 1 by 6.8% in the third quarter. First Republic Investment Management Inc. now owns 805,050 shares of the exchange traded fund’s stock valued at $117,094,000 after acquiring an additional 51,334 shares during the period. 39.41% of the stock is owned by hedge funds and other institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at $157.65 on Friday. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $118.14 and a fifty-two week 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.

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

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