Comerica Bank Has $3.31 Million Stake in PowerShares QQQ Trust, Series 1 (QQQ)

Comerica Bank grew its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,656 shares of the exchange traded fund’s stock after buying an additional 857 shares during the period. Comerica Bank’s holdings in PowerShares QQQ Trust, Series 1 were worth $3,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. increased its position in shares of PowerShares QQQ Trust, Series 1 by 108.6% during the fourth 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 during the period. UBS Asset Management Americas Inc. increased its position 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 period. Atlantic Trust LLC grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 65.2% during the third quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock worth $134,000 after purchasing an additional 363 shares in the last quarter. Asset Planning Services Ltd. grew its holdings in shares of PowerShares QQQ Trust, Series 1 by 79.9% during the third quarter. Asset Planning Services Ltd. now owns 1,108 shares of the exchange traded fund’s stock worth $161,000 after purchasing an additional 492 shares in the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the third quarter worth about $165,000. Hedge funds and other institutional investors own 37.84% of the company’s stock.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $164.96 on Monday. PowerShares QQQ Trust, Series 1 has a twelve month low of $129.04 and a twelve month high of $170.95.

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PowerShares QQQ Trust, Series 1 Company 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.

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Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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