PowerShares QQQ Trust, Series 1 (QQQ) Shares Sold by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC trimmed its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 48.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,837 shares of the exchange traded fund’s stock after selling 1,697 shares during the period. AlphaStar Capital Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $286,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the 3rd quarter worth about $1,471,000. Neuberger Berman Group LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 3.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 99,710 shares of the exchange traded fund’s stock worth $14,503,000 after acquiring an additional 3,135 shares in the last quarter. HWG Holdings LP increased its stake in shares of PowerShares QQQ Trust, Series 1 by 7,350.6% in the 3rd quarter. HWG Holdings LP now owns 20,191 shares of the exchange traded fund’s stock worth $2,937,000 after acquiring an additional 19,920 shares in the last quarter. SignalPoint Asset Management LLC bought a new position in shares of PowerShares QQQ Trust, Series 1 in the 3rd quarter worth about $269,000. Finally, V Wealth Management LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 5.2% in the 4th quarter. V Wealth Management LLC now owns 39,127 shares of the exchange traded fund’s stock worth $6,413,000 after acquiring an additional 1,917 shares in the last quarter. 39.48% of the stock is owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (QQQ) opened at $164.80 on Friday. PowerShares QQQ Trust, Series 1 has a 12 month low of $129.38 and a 12 month high of $170.95.

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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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