Glassman Wealth Services raised its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 177.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 806 shares of the exchange traded fund’s stock after buying an additional 516 shares during the quarter. Glassman Wealth Services’ holdings in PowerShares QQQ Trust, Series 1 were worth $126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jackson Grant Investment Advisers Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 108.6% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 774 shares of the exchange traded fund’s stock worth $121,000 after purchasing an additional 403 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the fourth quarter worth approximately $139,000. UBS Asset Management Americas Inc. raised its position 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 worth $123,000 after purchasing an additional 291 shares during the period. Atlantic Trust LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 65.2% during the third quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock worth $134,000 after purchasing an additional 363 shares during the period. Finally, Asset Planning Services Ltd. raised its position in shares of PowerShares QQQ Trust, Series 1 by 79.9% during the third quarter. Asset Planning Services Ltd. now owns 1,108 shares of the exchange traded fund’s stock worth $161,000 after purchasing an additional 492 shares during the period. 39.14% of the stock is currently owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $154.69 on Friday. PowerShares QQQ Trust, Series 1 has a 12-month low of $127.02 and a 12-month 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.

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

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