Stelac Advisory Services LLC Takes $872,000 Position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

Stelac Advisory Services LLC acquired a new position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,992 shares of the exchange traded fund’s stock, valued at approximately $872,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Janus Capital Management LLC raised its stake in shares of PowerShares QQQ Trust, Series 1 by 81.1% during the 1st quarter. Janus Capital Management LLC now owns 89,739 shares of the exchange traded fund’s stock worth $11,879,000 after purchasing an additional 40,180 shares during the period. D Orazio & Associates Inc. raised its stake in PowerShares QQQ Trust, Series 1 by 25.4% in the 1st quarter. D Orazio & Associates Inc. now owns 1,401 shares of the exchange traded fund’s stock valued at $185,000 after acquiring an additional 284 shares during the period. Selkirk Management LLC bought a new stake in PowerShares QQQ Trust, Series 1 in the 1st quarter valued at about $9,928,000. Meridian Wealth Management LLC raised its stake in PowerShares QQQ Trust, Series 1 by 660.5% in the 1st quarter. Meridian Wealth Management LLC now owns 55,448 shares of the exchange traded fund’s stock valued at $7,340,000 after acquiring an additional 48,157 shares during the period. Finally, New Capital Management LP bought a new stake in PowerShares QQQ Trust, Series 1 in the 1st quarter valued at about $238,000. 42.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $154.02 on Friday. PowerShares QQQ Trust, Series 1 has a 52 week low of $118.14 and a 52 week high of $156.69.

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PowerShares QQQ Trust, Series 1 Company 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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