Narus Financial Partners LLC Cuts Holdings in PowerShares QQQ Trust, Series 1 (QQQ)

Narus Financial Partners LLC lowered its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,864 shares of the exchange traded fund’s stock after selling 569 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises approximately 0.6% of Narus Financial Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Narus Financial Partners LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Mizuho Bank Ltd. bought a new position in PowerShares QQQ Trust, Series 1 in the third quarter valued at approximately $145,450,000. Bank of Tokyo Mitsubishi UFJ Ltd. bought a new position in PowerShares QQQ Trust, Series 1 in the second quarter valued at approximately $99,101,000. ING Groep NV lifted its stake in PowerShares QQQ Trust, Series 1 by 1,328.0% in the third quarter. ING Groep NV now owns 516,407 shares of the exchange traded fund’s stock valued at $75,111,000 after buying an additional 480,243 shares in the last quarter. 3EDGE Asset Management LP bought a new position in PowerShares QQQ Trust, Series 1 in the second quarter valued at approximately $64,616,000. Finally, Sun Life Financial INC lifted its stake in PowerShares QQQ Trust, Series 1 by 641.0% in the second quarter. Sun Life Financial INC now owns 308,800 shares of the exchange traded fund’s stock valued at $42,503,000 after buying an additional 267,127 shares in the last quarter. 42.22% of the stock is currently owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $154.70 on Monday. PowerShares QQQ Trust, Series 1 has a one year low of $118.14 and a one year high of $156.69.

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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.

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

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