Cetera Advisors LLC Has $29.48 Million Position in PowerShares QQQ Trust, Series 1 (QQQ)

Cetera Advisors LLC reduced its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 202,508 shares of the exchange traded fund’s stock after selling 9,427 shares during the period. PowerShares QQQ Trust, Series 1 comprises approximately 1.8% of Cetera Advisors LLC’s holdings, making the stock its 8th largest position. Cetera Advisors LLC owned approximately 0.05% of PowerShares QQQ Trust, Series 1 worth $29,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. Mizuho Bank Ltd. bought a new stake in PowerShares QQQ Trust, Series 1 in the 3rd quarter worth approximately $145,450,000. Bank of Tokyo Mitsubishi UFJ Ltd. bought a new stake in PowerShares QQQ Trust, Series 1 in the 2nd quarter worth approximately $99,101,000. ING Groep NV grew its position in PowerShares QQQ Trust, Series 1 by 1,328.0% in the 3rd quarter. ING Groep NV now owns 516,407 shares of the exchange traded fund’s stock worth $75,111,000 after purchasing an additional 480,243 shares during the period. 3EDGE Asset Management LP bought a new stake in PowerShares QQQ Trust, Series 1 in the 2nd quarter worth approximately $64,616,000. Finally, Sun Life Financial INC grew its position in PowerShares QQQ Trust, Series 1 by 641.0% in the 2nd quarter. Sun Life Financial INC now owns 308,800 shares of the exchange traded fund’s stock worth $42,503,000 after purchasing an additional 267,127 shares during the period. Institutional investors own 39.41% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $155.69 on Wednesday. PowerShares QQQ Trust, Series 1 has a 1 year low of $118.14 and a 1 year 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.

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

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