Sei Investments Co. raised its stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 408.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,184 shares of the exchange traded fund’s stock after buying an additional 5,770 shares during the quarter. Sei Investments Co.’s holdings in PowerShares QQQ Trust, Series 1 were worth $1,044,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. UBS Asset Management Americas Inc. lifted its stake in shares of 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 worth $123,000 after purchasing an additional 291 shares during the period. Tradewinds Capital Management LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 2.2% during the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 20 shares during the period. Bristlecone Advisors LLC purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the 3rd quarter worth $165,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 29.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,464 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 335 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new position in shares of PowerShares QQQ Trust, Series 1 during the 2nd quarter worth $201,000. Hedge funds and other institutional investors own 42.22% of the company’s stock.

PowerShares QQQ Trust, Series 1 (QQQ) opened at $154.02 on Friday. PowerShares QQQ Trust, Series 1 has a 52-week low of $118.14 and a 52-week high of $156.69.

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PowerShares QQQ Trust, Series 1 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.

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

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