NewFocus Financial Group LLC Invests $396,000 in PowerShares QQQ Trust, Series 1 (QQQ)

NewFocus Financial Group LLC acquired a new stake in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,544 shares of the exchange traded fund’s stock, valued at approximately $396,000.

Several other institutional investors have also added to or reduced their stakes in QQQ. Jackson Grant Investment Advisers Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 108.6% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 774 shares of the exchange traded fund’s stock valued at $121,000 after buying an additional 403 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of PowerShares QQQ Trust, Series 1 by 48.5% during the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after buying an additional 291 shares during the last quarter. Glassman Wealth Services boosted its position in shares of PowerShares QQQ Trust, Series 1 by 177.9% during the fourth quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 516 shares during the last quarter. Atlantic Trust LLC boosted its position in shares of PowerShares QQQ Trust, Series 1 by 65.2% during the third quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock valued at $134,000 after buying an additional 363 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of PowerShares QQQ Trust, Series 1 during the fourth quarter valued at $139,000. 37.84% of the stock is currently owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $156.10 on Monday. PowerShares QQQ Trust, Series 1 has a 12-month low of $127.02 and a 12-month high of $170.95.

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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.

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

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