PowerShares QQQ Trust, Series 1 (QQQ) Holdings Cut by Regal Investment Advisors LLC

Regal Investment Advisors LLC lessened its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,860 shares of the exchange traded fund’s stock after selling 1,544 shares during the quarter. Regal Investment Advisors LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $3,180,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QQQ. CHURCHILL MANAGEMENT Corp lifted its holdings in PowerShares QQQ Trust, Series 1 by 3.9% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock worth $484,337,000 after purchasing an additional 130,587 shares during the period. Ameriprise Financial Inc. raised its position 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 worth $234,183,000 after acquiring an additional 4,448 shares in the last quarter. US Bancorp DE raised its position in PowerShares QQQ Trust, Series 1 by 11.7% in the second quarter. US Bancorp DE now owns 1,242,292 shares of the exchange traded fund’s stock worth $170,990,000 after acquiring an additional 130,266 shares in the last quarter. Commonwealth Equity Services Inc raised its position 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 worth $176,721,000 after acquiring an additional 28,452 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position 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 worth $161,115,000 after acquiring an additional 86,838 shares in the last quarter. 42.22% of the stock is owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (QQQ) traded down $1.78 during trading hours on Monday, reaching $152.71. The company’s stock had a trading volume of 51,298,947 shares, compared to its average volume of 27,800,035. PowerShares QQQ Trust, Series 1 has a 52 week low of $115.77 and a 52 week high of $156.69.

ILLEGAL ACTIVITY WARNING: “PowerShares QQQ Trust, Series 1 (QQQ) Holdings Cut by Regal Investment Advisors LLC” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/12/04/regal-investment-advisors-llc-decreases-holdings-in-powershares-qqq-trust-series-1-qqq.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.

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.

Leave a Reply