Janney Montgomery Scott LLC Purchases 18,791 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Janney Montgomery Scott LLC increased its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 516,649 shares of the exchange traded fund’s stock after buying an additional 18,791 shares during the quarter. PowerShares QQQ Trust, Series 1 accounts for approximately 0.9% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its 13th largest position. Janney Montgomery Scott LLC owned approximately 0.13% of PowerShares QQQ Trust, Series 1 worth $75,147,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. Ladenburg Thalmann Financial Services Inc. increased its position in PowerShares QQQ Trust, Series 1 by 17.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 782,673 shares of the exchange traded fund’s stock valued at $113,840,000 after purchasing an additional 113,575 shares during the period. AlphaStar Capital Management LLC increased its position in PowerShares QQQ Trust, Series 1 by 1,110.3% during the 3rd quarter. AlphaStar Capital Management LLC now owns 3,534 shares of the exchange traded fund’s stock valued at $514,000 after purchasing an additional 3,242 shares during the period. Kalos Management Inc. acquired a new stake in PowerShares QQQ Trust, Series 1 during the 3rd quarter valued at approximately $2,954,000. Laurel Wealth Advisors Inc. increased its position in PowerShares QQQ Trust, Series 1 by 3.0% during the 3rd quarter. Laurel Wealth Advisors Inc. now owns 13,888 shares of the exchange traded fund’s stock valued at $2,020,000 after purchasing an additional 406 shares during the period. Finally, Madison Investment Holdings Inc. acquired a new stake in PowerShares QQQ Trust, Series 1 during the 3rd quarter valued at approximately $426,000. 42.22% of the stock is owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $154.70 on Monday. PowerShares QQQ Trust, Series 1 has a 52-week low of $118.14 and a 52-week high of $156.69.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/11/janney-montgomery-scott-llc-purchases-18791-shares-of-powershares-qqq-trust-series-1-qqq.html.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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