PowerShares QQQ Trust, Series 1 (QQQ) is Fusion Family Wealth LLC’s 5th Largest Position

Fusion Family Wealth LLC grew its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,466 shares of the exchange traded fund’s stock after purchasing an additional 1,933 shares during the period. PowerShares QQQ Trust, Series 1 comprises 5.1% of Fusion Family Wealth LLC’s holdings, making the stock its 5th largest holding. Fusion Family Wealth LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $20,321,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in QQQ. Mizuho Bank Ltd. acquired a new position in shares of PowerShares QQQ Trust, Series 1 during the 3rd quarter worth approximately $145,450,000. ING Groep NV grew its position in shares of 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 worth $75,111,000 after purchasing an additional 480,243 shares in the last quarter. 3EDGE Asset Management LP acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 4th quarter worth approximately $35,500,000. Taiyo Life Insurance Co. acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 4th quarter worth approximately $34,267,000. Finally, Forward Management LLC acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 4th quarter worth approximately $33,827,000. Hedge funds and other institutional investors own 39.14% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $160.21 on Thursday. PowerShares QQQ Trust, Series 1 has a 52-week low of $125.88 and a 52-week 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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