SRS Capital Advisors Inc. Purchases 17,009 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

SRS Capital Advisors Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 22.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,155 shares of the exchange traded fund’s stock after purchasing an additional 17,009 shares during the period. PowerShares QQQ Trust, Series 1 makes up approximately 6.4% of SRS Capital Advisors Inc.’s holdings, making the stock its 5th largest holding. SRS Capital Advisors Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $13,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its stake 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 valued at $123,000 after buying an additional 291 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in shares of PowerShares QQQ Trust, Series 1 by 2.2% during the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after buying an additional 20 shares during the last quarter. Bristlecone Advisors LLC bought a new position in shares of PowerShares QQQ Trust, Series 1 during the third quarter valued at about $165,000. FTB Advisors Inc. grew its stake in shares of PowerShares QQQ Trust, Series 1 by 74.0% during the third quarter. FTB Advisors Inc. now owns 1,223 shares of the exchange traded fund’s stock valued at $178,000 after buying an additional 520 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in shares of PowerShares QQQ Trust, Series 1 by 29.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,464 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 39.41% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $155.69 on Wednesday. PowerShares QQQ Trust, Series 1 has a 12 month low of $118.14 and a 12 month high of $156.69.

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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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