PowerShares QQQ Trust, Series 1 (QQQ) is Silicon Valley Capital Partners’ 3rd Largest Position

Silicon Valley Capital Partners lifted its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 50.4% in the fourth quarter, Holdings Channel reports. The fund owned 136,253 shares of the exchange traded fund’s stock after buying an additional 45,645 shares during the period. PowerShares QQQ Trust, Series 1 makes up 12.8% of Silicon Valley Capital Partners’ investment portfolio, making the stock its 3rd biggest position. Silicon Valley Capital Partners’ holdings in PowerShares QQQ Trust, Series 1 were worth $21,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. raised its holdings in PowerShares QQQ Trust, Series 1 by 108.6% during the 4th 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 last quarter. Glassman Wealth Services raised its holdings in PowerShares QQQ Trust, Series 1 by 177.9% during the 4th quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 516 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in PowerShares QQQ Trust, Series 1 during the 4th quarter valued at $139,000. UBS Asset Management Americas Inc. raised its holdings in PowerShares QQQ Trust, Series 1 by 48.5% during the 2nd 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 last quarter. Finally, Atlantic Trust LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 65.2% during the 3rd quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock valued at $134,000 after buying an additional 363 shares during the last quarter. 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 $155.57 on Friday. PowerShares QQQ Trust, Series 1 has a 1-year low of $127.02 and a 1-year 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.

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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