Jackson Wealth Management LLC Boosts Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Jackson Wealth Management LLC raised its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,503 shares of the exchange traded fund’s stock after buying an additional 8,538 shares during the period. PowerShares QQQ Trust, Series 1 comprises 2.9% of Jackson Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Jackson Wealth Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $10,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in QQQ. First Financial Corp IN lifted its holdings in PowerShares QQQ Trust, Series 1 by 189.3% during the second quarter. First Financial Corp IN now owns 810 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 530 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 48.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after buying an additional 291 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after buying an additional 20 shares in the last quarter. Bristlecone Advisors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the 3rd quarter worth about $165,000. Finally, Klingman & Associates LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the 3rd quarter worth about $202,000. 42.22% of the stock is owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $152.71 on Tuesday. PowerShares QQQ Trust, Series 1 has a 1-year low of $115.77 and a 1-year high of $156.69.

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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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