Cetera Advisor Networks LLC lowered its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 347,859 shares of the exchange traded fund’s stock after selling 9,638 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises approximately 2.3% of Cetera Advisor Networks LLC’s holdings, making the stock its 3rd largest holding. Cetera Advisor Networks LLC owned 0.09% of PowerShares QQQ Trust, Series 1 worth $50,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. United Asset Strategies Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.3% during the 2nd quarter. United Asset Strategies Inc. now owns 5,266 shares of the exchange traded fund’s stock valued at $725,000 after buying an additional 15 shares in the last quarter. Benchmark Capital Advisors raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.8% during the 2nd quarter. Benchmark Capital Advisors now owns 1,915 shares of the exchange traded fund’s stock valued at $264,000 after buying an additional 15 shares in the last quarter. HMS Capital Management LLC raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.5% during the 2nd quarter. HMS Capital Management LLC now owns 3,491 shares of the exchange traded fund’s stock valued at $480,000 after buying an additional 19 shares in the last quarter. Tradewinds Capital Management LLC raised its position 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 valued at $127,000 after buying an additional 20 shares in the last quarter. Finally, Blue Fin Capital Inc. raised its position in shares of PowerShares QQQ Trust, Series 1 by 0.5% during the 2nd quarter. Blue Fin Capital Inc. now owns 4,821 shares of the exchange traded fund’s stock valued at $663,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 39.41% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at $155.69 on Wednesday. PowerShares QQQ Trust, Series 1 has a 1 year low of $118.14 and a 1 year 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.

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

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