Ladenburg Thalmann Financial Services Inc. raised its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 17.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 782,673 shares of the exchange traded fund’s stock after purchasing an additional 113,575 shares during the period. PowerShares QQQ Trust, Series 1 accounts for approximately 1.2% of Ladenburg Thalmann Financial Services Inc.’s investment portfolio, making the stock its 7th biggest position. Ladenburg Thalmann Financial Services Inc. owned approximately 0.20% of PowerShares QQQ Trust, Series 1 worth $113,840,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 48.5% in the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 291 shares during the period. Tradewinds Capital Management LLC boosted its position in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the second quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock valued at $127,000 after acquiring an additional 20 shares during the period. Bristlecone Advisors LLC bought a new stake in shares of PowerShares QQQ Trust, Series 1 in the third quarter valued at about $165,000. FTB Advisors Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 74.0% in the third quarter. FTB Advisors Inc. now owns 1,223 shares of the exchange traded fund’s stock valued at $178,000 after acquiring an additional 520 shares during the period. Finally, Klingman & Associates LLC bought a new stake in PowerShares QQQ Trust, Series 1 during the third quarter worth about $202,000. Hedge funds and other institutional investors own 42.22% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at $154.70 on Monday. 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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