CIBC World Markets Inc. decreased its stake in PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) by 39.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 21,990 shares of the company’s stock after selling 14,348 shares during the period. CIBC World Markets Inc.’s holdings in PowerShares QQQ Trust Series 1 were worth $2,611,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mycio Wealth Partners LLC boosted its stake in shares of PowerShares QQQ Trust Series 1 by 9.7% in the third quarter. Mycio Wealth Partners LLC now owns 8,794 shares of the company’s stock valued at $1,044,000 after buying an additional 774 shares in the last quarter. Advisors Capital Management LLC purchased a new stake in shares of PowerShares QQQ Trust Series 1 during the third quarter valued at $425,000. Jackson Wealth Management LLC boosted its stake in shares of PowerShares QQQ Trust Series 1 by 19.0% in the third quarter. Jackson Wealth Management LLC now owns 58,327 shares of the company’s stock valued at $6,874,000 after buying an additional 9,322 shares during the period. Swan Global Investments LLC boosted its stake in shares of PowerShares QQQ Trust Series 1 by 1.7% in the third quarter. Swan Global Investments LLC now owns 23,900 shares of the company’s stock valued at $2,816,000 after buying an additional 400 shares during the period. Finally, Noesis Capital Mangement Corp purchased a new stake in shares of PowerShares QQQ Trust Series 1 during the third quarter valued at $203,000. 33.53% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) traded down 0.23% during mid-day trading on Monday, reaching $118.53. 13,479,045 shares of the company traded hands. PowerShares QQQ Trust Series 1 has a 52-week low of $94.84 and a 52-week high of $119.66. The firm’s 50 day moving average price is $117.24 and its 200-day moving average price is $114.11.

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Separately, Vetr reaffirmed a “hold” rating on shares of PowerShares QQQ Trust Series 1 in a report on Wednesday, September 14th.

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.

5 Day Chart for NASDAQ:QQQ

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