First Republic Investment Management Inc. Increases Position in PowerShares QQQ Trust, Series 1 (QQQ)

First Republic Investment Management Inc. boosted its stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 805,050 shares of the exchange traded fund’s stock after acquiring an additional 51,334 shares during the period. PowerShares QQQ Trust, Series 1 comprises approximately 0.8% of First Republic Investment Management Inc.’s portfolio, making the stock its 20th largest position. First Republic Investment Management Inc. owned approximately 0.21% of PowerShares QQQ Trust, Series 1 worth $117,094,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 48.5% in 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. Tradewinds Capital Management LLC raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 2.2% in the second 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 during the last quarter. Bristlecone Advisors LLC purchased a new stake in shares of PowerShares QQQ Trust, Series 1 in the third quarter valued at about $165,000. FTB Advisors Inc. raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 74.0% in the third quarter. FTB Advisors Inc. now owns 1,223 shares of the exchange traded fund’s stock valued at $178,000 after buying an additional 520 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 29.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,464 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 335 shares during the last quarter. 42.22% of the stock is owned by hedge funds and other institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (QQQ) opened at $153.50 on Thursday. PowerShares QQQ Trust, Series 1 has a 1-year low of $116.29 and a 1-year high of $156.69.

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About PowerShares QQQ Trust, Series 1

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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