Northeast Investment Management Invests $317,000 in PowerShares QQQ Trust, Series 1 (QQQ) Stock

Northeast Investment Management acquired a new position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,177 shares of the exchange traded fund’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Mizuho Bank Ltd. purchased a new position in PowerShares QQQ Trust, Series 1 during the 3rd quarter valued at about $145,450,000. Bank of Tokyo Mitsubishi UFJ Ltd. purchased a new position in PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at about $99,101,000. ING Groep NV grew its holdings in PowerShares QQQ Trust, Series 1 by 1,328.0% during the 3rd quarter. ING Groep NV now owns 516,407 shares of the exchange traded fund’s stock valued at $75,111,000 after buying an additional 480,243 shares in the last quarter. 3EDGE Asset Management LP purchased a new position in PowerShares QQQ Trust, Series 1 during the 2nd quarter valued at about $64,616,000. Finally, Sun Life Financial INC grew its holdings in PowerShares QQQ Trust, Series 1 by 641.0% during the 2nd quarter. Sun Life Financial INC now owns 308,800 shares of the exchange traded fund’s stock valued at $42,503,000 after buying an additional 267,127 shares in the last quarter. 42.22% of the stock is owned by institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $152.71 on Tuesday. PowerShares QQQ Trust, Series 1 has a twelve month low of $115.77 and a twelve month high of $156.69.

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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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

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