Murphy Middleton Hinkle & Parker Inc. Invests $740,000 in PowerShares QQQ Trust, Series 1 (QQQ) Stock

Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,750 shares of the exchange traded fund’s stock, valued at approximately $740,000.

A number of other institutional investors have also modified their holdings of QQQ. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of PowerShares QQQ Trust, Series 1 by 108.6% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 774 shares of the exchange traded fund’s stock valued at $121,000 after buying an additional 403 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of PowerShares QQQ Trust, Series 1 by 48.5% in the 2nd 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 in the last quarter. Glassman Wealth Services boosted its holdings in shares of PowerShares QQQ Trust, Series 1 by 177.9% in the 4th quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 516 shares in the last quarter. Atlantic Trust LLC boosted its holdings in shares of PowerShares QQQ Trust, Series 1 by 65.2% in the 3rd quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock valued at $134,000 after buying an additional 363 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the 4th quarter valued at about $139,000. Institutional investors own 37.84% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $165.70 on Friday. PowerShares QQQ Trust, Series 1 has a 1-year low of $128.92 and a 1-year high of $170.95.

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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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