W.G. Shaheen & Associates DBA Whitney & Co Sells 387 Shares of PowerShares QQQ Trust, Series 1 (QQQ)

W.G. Shaheen & Associates DBA Whitney & Co trimmed its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,795 shares of the exchange traded fund’s stock after selling 387 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in PowerShares QQQ Trust, Series 1 were worth $903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Jackson Grant Investment Advisers Inc. grew its stake in 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 worth $121,000 after acquiring an additional 403 shares during the period. UBS Asset Management Americas Inc. grew its stake in 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 worth $123,000 after acquiring an additional 291 shares during the period. Glassman Wealth Services grew its stake in 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 worth $126,000 after acquiring an additional 516 shares during the period. Atlantic Trust LLC grew its stake in 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 worth $134,000 after acquiring an additional 363 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new stake in PowerShares QQQ Trust, Series 1 in the 4th quarter worth approximately $139,000. 39.48% of the stock is owned by institutional investors and hedge funds.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded down $0.47 during mid-day trading on Thursday, reaching $164.82. 41,122,098 shares of the company’s stock traded hands, compared to its average volume of 46,363,703. PowerShares QQQ Trust, Series 1 has a 12-month low of $129.38 and a 12-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.

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

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