PowerShares QQQ Trust, Series 1 (QQQ) Position Cut by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. reduced its position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 17.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,562 shares of the exchange traded fund’s stock after selling 3,834 shares during the period. PowerShares QQQ Trust, Series 1 comprises 1.0% of Ausdal Financial Partners Inc.’s holdings, making the stock its 12th largest position. Ausdal Financial Partners Inc.’s holdings in PowerShares QQQ Trust, Series 1 were worth $2,735,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new stake in PowerShares QQQ Trust, Series 1 in the 3rd quarter valued at about $1,471,000. Neuberger Berman Group LLC lifted its stake in 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 valued at $14,503,000 after purchasing an additional 3,135 shares during the last quarter. HWG Holdings LP lifted its stake in 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 valued at $2,937,000 after purchasing an additional 19,920 shares during the last quarter. SignalPoint Asset Management LLC acquired a new stake in PowerShares QQQ Trust, Series 1 in the 3rd quarter valued at about $269,000. Finally, V Wealth Management LLC lifted its stake in 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 valued at $6,413,000 after purchasing an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 37.84% of the company’s stock.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at $162.68 on Thursday. PowerShares QQQ Trust, Series 1 has a one year low of $128.37 and a one year high of $170.95.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2018/02/15/powershares-qqq-trust-series-1-qqq-position-cut-by-ausdal-financial-partners-inc.html.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

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

Receive News & Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply