PowerShares QQQ Trust, Series 1 (QQQ) Shares Sold by Hochman Cole Investment Advisors Inc.

Hochman Cole Investment Advisors Inc. reduced its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,305 shares of the exchange traded fund’s stock after selling 1,268 shares during the period. PowerShares QQQ Trust, Series 1 comprises 2.4% of Hochman Cole Investment Advisors Inc.’s portfolio, making the stock its 11th biggest position. Hochman Cole Investment Advisors Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $3,786,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in PowerShares QQQ Trust, Series 1 by 82.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,287 shares of the exchange traded fund’s stock worth $591,000 after purchasing an additional 1,937 shares during the period. UBS Asset Management Americas Inc. increased its holdings in PowerShares QQQ Trust, Series 1 by 48.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 291 shares during the period. FMR LLC increased its holdings in PowerShares QQQ Trust, Series 1 by 4.3% during the 2nd quarter. FMR LLC now owns 132,530 shares of the exchange traded fund’s stock worth $18,241,000 after purchasing an additional 5,512 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of PowerShares QQQ Trust, Series 1 by 96.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 33,416 shares of the exchange traded fund’s stock valued at $8,735,000 after acquiring an additional 16,414 shares during the period. Finally, Baker Avenue Asset Management LP increased its holdings in shares of PowerShares QQQ Trust, Series 1 by 12.2% in the 2nd quarter. Baker Avenue Asset Management LP now owns 1,806 shares of the exchange traded fund’s stock valued at $249,000 after acquiring an additional 196 shares during the period. 37.84% of the stock is owned by hedge funds and other institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) traded up $2.99 during trading hours on Wednesday, hitting $162.68. The stock had a trading volume of 52,101,158 shares, compared to its average volume of 47,420,000. PowerShares QQQ Trust, Series 1 has a twelve month low of $127.74 and a twelve month 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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