PowerShares QQQ Trust, Series 1 (QQQ) is Cetera Advisor Networks LLC’s 7th Largest Position

Cetera Advisor Networks LLC trimmed its holdings in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 12.8% during the fourth quarter, Holdings Channel reports. The fund owned 303,312 shares of the exchange traded fund’s stock after selling 44,547 shares during the period. PowerShares QQQ Trust, Series 1 accounts for 2.0% of Cetera Advisor Networks LLC’s investment portfolio, making the stock its 7th largest holding. Cetera Advisor Networks LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $47,268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cetera Advisors LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 1.8% during the 4th quarter. Cetera Advisors LLC now owns 206,110 shares of the exchange traded fund’s stock worth $32,130,000 after purchasing an additional 3,602 shares during the last quarter. Analyst IMS Investment Management Services Ltd. boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 3.8% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 189,236 shares of the exchange traded fund’s stock worth $29,475,000 after purchasing an additional 6,944 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 57.7% during the 4th quarter. Brookstone Capital Management now owns 29,625 shares of the exchange traded fund’s stock worth $4,614,000 after purchasing an additional 10,837 shares during the last quarter. Roundview Capital LLC boosted its stake in shares of PowerShares QQQ Trust, Series 1 by 2.8% during the 4th quarter. Roundview Capital LLC now owns 25,817 shares of the exchange traded fund’s stock worth $4,021,000 after purchasing an additional 692 shares during the last quarter. Finally, NewFocus Financial Group LLC acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 4th quarter worth about $396,000. 37.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $158.87 on Tuesday. PowerShares QQQ Trust, Series 1 has a 12 month low of $127.72 and a 12 month high of $170.95.

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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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