Analyst IMS Investment Management Services Ltd. Buys 6,944 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

Analyst IMS Investment Management Services Ltd. lifted its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,236 shares of the exchange traded fund’s stock after purchasing an additional 6,944 shares during the period. PowerShares QQQ Trust, Series 1 comprises 9.0% of Analyst IMS Investment Management Services Ltd.’s investment portfolio, making the stock its biggest position. Analyst IMS Investment Management Services Ltd.’s holdings in PowerShares QQQ Trust, Series 1 were worth $29,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Mizuho Bank Ltd. acquired a new position in PowerShares QQQ Trust, Series 1 during the third quarter worth about $145,450,000. ING Groep NV boosted its position in PowerShares QQQ Trust, Series 1 by 1,328.0% during the third quarter. ING Groep NV now owns 516,407 shares of the exchange traded fund’s stock worth $75,111,000 after acquiring an additional 480,243 shares during the last quarter. 3EDGE Asset Management LP acquired a new position in PowerShares QQQ Trust, Series 1 in the 4th quarter valued at about $35,500,000. Taiyo Life Insurance Co. acquired a new position in PowerShares QQQ Trust, Series 1 in the 4th quarter valued at about $34,267,000. Finally, Forward Management LLC acquired a new position in PowerShares QQQ Trust, Series 1 in the 4th quarter valued at about $33,827,000. 37.84% of the stock is owned by institutional investors and hedge funds.

PowerShares QQQ Trust, Series 1 (QQQ) opened at $158.87 on Tuesday. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $127.72 and a fifty-two week high of $170.95.

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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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